Which of the following would cause prices and real GDP to rise in the short run?
a. an increase in the expected price level
b. an increase in the money supply
c. a decrease in the capital stock
d. an increase in taxes.
b
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"Under floating rates, the economy is more vulnerable to shocks coming from the domestic money market." Discuss
What will be an ideal response?
Some economists argue the best response to a monopoly is to:
A. do whatever the public demands. B. do nothing at all. C. never publicly own enterprises because it raises taxes. D. None of the statements is true.
Existing computer software
a. is a public good b. is excludable but nonrivalrous c. is rivalrous by not excludable d. should be provided free of charge e. has been produced efficiently
People who have dropped out of the labor force and who are no longer looking for a job because they believe the job market has little to offer them are classified by the Labor Department as
A. non-participants. B. discouraged workers. C. unemployed. D. underemployed.