Which of the following types of economic data are revised over time as government data collection agencies receive more complete information?
A) interest rates
B) employment
C) stock prices
D) all of the above
B
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Which of the following statements is true?
A) Monetarists believe that the government should be very involved in managing and directing the economy. B) Monetarists believe that the economy is self-regulating. C) There is very little difference between monetarist and Keynesian thought. D) Monetarists hold that velocity is constant. E) a and c
Negative relationships are also referred to as inverse relationships.
Answer the following statement true (T) or false (F)
If workers received a 5 percent wage increase and the rate of inflation was 5 percent, then their real wage:
A. remained constant. B. equaled the nominal wage. C. increased. D. decreased.
Economic regulation occurs when:
A. monopoly is the optimal market structure. B. the industry is highly competitive. C. the product is important to economic welfare. D. the government owns the assets of the industry.