Regarding our "rule-of-thumb" for determining what causes changes in a nation's monetary base, which of the following is not true:
a. Only central banks are above the line.
b. To increase the monetary base, funds have to be moved from above the line to below the line.
c. Any time a central bank changes one of its major monetary tools, the monetary base changes.
d. For the monetary base to change, the central bank must, in some way, be involved.
e. All the above are true.
.C
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The majority of the income earned in the United States is paid in
A) wages. B) rent. C) profit. D) dividends. E) interest.
If the marginal cost curve is below the average variable cost curve, then
A) average variable cost is increasing. B) marginal cost must be decreasing. C) average variable cost could either be increasing or decreasing. D) average variable cost is decreasing.
A city street is
a. always a public good, whether or not it is congested. b. a public good when it is congested, but it is a common resource when it is not congested. c. a common resource when it is congested, but it is a public good when it is not congested. d. always a common resource, whether or not it is congested.
The most accurate measurement of unemployment
a) is an extrapolation based on a random survey of households b) counts the number of workers collecting unemployment insurance benefits c) uses payroll data by subtracting the number of workers employed at firms from the number of citizens of working age d) uses the number of layoffs reported to the government by employers e) none of the above