TRUE OR FALSE QUIZ
1. The multiplier effect comes together with crowding effect.
2. A recession results in decrease of welfare program.
3. A recession results in decrease of tax revenue.
4. The unemployment and inflation are in inverse relation.
5. The unemployment and inflation relation does not related to aggregate demand.
6. A quotas decreases export.
7. A tariffs deceases import.
8. A real exchange rate is not related to nominal exchange rate.
9. A purchasing power parity exchange rate is not related to nominal exchange rate.
10. A flexible exchange rate is not related to nominal exchange rate.
11. The export increases consumer surplus.
12. The trade deficit results in capital inflow.