A monopoly
For the two year period ending in 2008-2009, what has been the number of bank
failures?
a. About 500
b. About 2,000
c. Fewer than 150
d. More than 5,000
e. Fewer than 1,000
Which combination of government policies would be most likely increase labor
demand?
a. Increasing subsidies to education and increasing subsidies to businesses for hiring
new employees
b. Reducing income tax rates and cutting transfer payments to the needy
c. Raising income tax rates and cutting transfer payments to the needy
d. Reducing subsidies to education and increasing subsidies to businesses for hiring
new employees
e. Increasing subsidies to education and reducing subsidies to businesses for hiring new
employees.
A key tool of countercyclical fiscal policy is
a. the interest rate
b. the federal funds rate
c. government spending
d. the regulatory code
e. Presidential executive orders
Which of the following trends would lower the unemployment rate associated with full
employment?
a. People become less educated over time.
b. More people are willing to move to find a job.
c. The government spends money to reduce the loss of jobs during a recession.
d. A larger proportion of jobs are seasonal in nature.
e. The federal government increases unemployment benefits.
In the short run, profit maximization typically occurs where total revenue is at its
maximum.
Which of the following is assumed constant along the demand curve for gasoline?
If Alicia limits the range of her productive activities rather than trying to be
self-sufficient, she is engaging in
In the long run, the crowding-out effect of an increase in government purchases is
a. more complete than in the short run
b. canceled out by increases in infrastructure spending
c. less complete than in the short run
d. canceled out by improved consumer confidence
e. a multiple of the initial change in spending
The labor supply curve shows the relationship between the
The law of increasing opportunity cost says that
The Federal Reserve Open Market Committee allows representatives of the President
and Congress to sit on its meetings.
Which of the following is an example of a regulatory action?
Individuals must make choices because