If the price of a good increases and the total revenue also increases, the good has a(n)
A) elastic demand.
B) inelastic demand.
C) unit elastic demand.
D) perfectly elastic demand.
B
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A currency appreciation will be most likely to
a. reduce net exports and therefore increase aggregate demand. b. raise net exports and therefore decrease aggregate demand. c. reduce net exports and therefore decrease aggregate demand. d. raise net exports and therefore increase aggregate demand.
Union membership peaked in the
A. mid-1930s. B. late-1950s. C. late-1970s. D. early 1980s.
One of the reasons that expansionary monetary policy was not as effective as expected in recent years is that banks:
A. purchased Treasures with the reserves that the Fed added to their accounts. B. loaned reserves that the Fed added to banks. C. returned reserves that the Fed added to banks. D. held onto the reserves that the Fed added to banks.
The risk spread on bonds fluctuates mainly because:
A. taxes tend to increase over time. B. new information about a borrower's financial condition becomes available. C. bond rating agencies are often inconsistent. D. people do not change their attitudes towards risk quickly.