To try and stave off a devaluation of its fixed currency, Argentina was required to
a. lower interest rates.
b. reduce tax levels.
c. increase their money supplies.
d. increase interest rates.
d
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Jim Smith would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:
A. underemployed. B. unemployed. C. employed. D. out of the labor force.
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
What are the two distinguishing characteristics of oligopoly?
What will be an ideal response?
If gas prices suddenly change from $2 a gallon to $4 a gallon, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) likely; decrease B) not likely; decrease C) likely; increase D) not likely; cha