TRUE OR FALSE QUIZ
( ) 16. The multiplier effect comes together with crowding effect.
( ) 17. A recession results in decrease of welfare program.
( ) 18. A recession results in decrease of tax revenue.
( ) 19. The unemployment and inflation are in inverse relation.
( ) 20. The unemployment and inflation relation does not related to aggregate demand.
( ) 21. A quotas decreases export.
( ) 22. A tariffs deceases import.
( ) 23. A real exchange rate is not related to nominal exchange rate.
( ) 24. A purchasing power parity exchange rate is not related to nominal exchange rate.
( ) 25. A flexible exchange rate is not related to nominal exchange rate.
( ) 26. The export increases consumer surplus.
( ) 27. The trade deficit results in capital inflow.