Which of the following variables typically moves in the opposite direction from national income?
a) the inflation rate
b) the unemployment rate
c) consumption
d) investment
e) GDP
b) the unemployment rate
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Refer to Figure 26-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) an open market sale of Treasury securities by the Federal Reserve. B) an increase in the price level. C) a decrease in real GDP. D) an increase in the required reserve ratio by the Federal Reserve.
Which of the following explains the slower economic growth in the South compared to other regions of the country?
A. Much of the South's capital, public and private, was destroyed in the Civil War. B. The transcontinental railroads that were completed in the 1860s, 1870s, and 1880s all bypassed the South. C. The South remained an agricultural region after the Civil War instead of immediately becoming a higher productivity manufacturing region. D. All of the choices are true.
Suppose the figure below illustrates the demand curve facing a monopolist. At a price of $8 per unit, the total revenue for this monopolist is ________ per day, and the marginal revenue earned from the last unit sold is ________.
A. $3,200; $8 B. $3,200; $0 C. $3,200; $4 D. $8; $8
The better the information provided to financial markets the:
A. greater will be the flow of funds in these markets. B. greater the amount of funds transferred between savers and borrowers, though risk increases. C. higher the return required by lenders. D. less the amount of funds transferred between savers and borrowers.