In the United States since 1960, the average unemployment rate was highest during the decade of the
A) 1980s. B) 1990s. C) 1960s. D) 1970s. E) 2000s.
A
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Aggregate demand ________ and shifts the AD curve ________ when ________
A) increases; rightward; government expenditure increases B) increases; leftward; government expenditure increases C) decreases; leftward; foreign income increases D) increases; rightward; future expected profit decreases E) increases; rightward; taxes increase
Which of the following equations represent Taylor Rule?
A) rFF = rFF* - a(p – p*) - b B) rFF = rFF* + a(p – p*) + b C) rFF = rFF* - a(p – p*) + b D) rFF = rFF* + a(p + p*) + b
The fact that U.S. national security depends upon what other nations spend on their national security means that
a. the U.S. may end up with less national security even if it devotes more resources to national security b. the U.S. should devote fewer resources to national security c. the U.S. should devote even more resources to national security than it considers desirable d. the U.S. can never be secure e. peace is an impossible dream
In economic analysis, the optimal level of pollution
A) is always zero. B) arises at the point at which the marginal benefit from further reduction equals the marginal cost of further reduction. C) occurs at the point at which demand crosses the private cost supply curve. D) should be determined by the private market without any government intervention.