Many studies indicate changes in monetary policy have most of their effect on aggregate demand about six months after the change is made
a. True
b. False
Indicate whether the statement is true or false
True
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When a company whose ability to repay its obligations in full is uncertain,
A) it will have to issue debt with longer maturities than would a company with a lower probability of default. B) its bonds will sell for higher prices than would the bonds of a company with a lower probability of default. C) it must offer investors higher yields to compensate them for the risk they take in buying their bonds or making loans. D) it must do so through financial markets rather than through financial intermediaries.
Since the end of World War II, the U.S. price level has: a. increased tenfold
b. increased by an average of 10 percent each year. c. increased and decreased with equal regularity, leaving the price level almost constant. d. increased by 50 percent. e. doubled.
A self-managed team is still headed by a boss
Indicate whether the statement is true or false
Opponents of the minimum wage law implicitly assume that the ________ if they worry about the unemployment effects of the policy.
A. demand curve for unskilled workers is inelastic B. supply curve for unskilled workers is inelastic C. supply curve for unskilled workers is highly elastic D. demand curve for unskilled workers is highly elastic