The combination of President Obama's strategies and the Federal Reserve's reaction to the deep economic downturn in the US in 2008 and 2009
a. was intended to reduce unemployment.
b. may lead to excessive inflation over time.
c. resulted in higher taxes and an increased supply of money.
d. Both a and b are correct.
d
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Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the labor force?
A) 300 million B) 240 million C) 156 million D) 150 million E) 144 million
The aggregate supply curve is
A) upward sloping. B) downward sloping. C) a vertical line. D) a horizontal line. E) U-shaped.
The interest rate that the Fed currently targets is the federal funds rate
a. True b. False Indicate whether the statement is true or false
Demand for science fiction novels is elastic and supply of science fiction novels is inelastic. When the government puts a $2.00 tax on science fiction novels,
a. buyers will pay most of the tax. b. sellers will pay most of the tax. c. buyers and sellers will split the tax evenly. d. elasticity has nothing to do with who pays the tax.