The largest concentration of people in the world (the most people) now is in what region?
a. Africa
b. South America
c. Asia
d. Europe
C
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A Treasury expenditure financed through borrowing from the Federal Reserve will cause the money supply
A) and bank reserves to rise by an equal amount. B) and bank reserves to fall by an equal amount. C) to rise but bank reserves to rise by a greater amount. D) to rise by a greater amount than the rise in bank reserves.
If the full-employment rate of unemployment is 5 percent, and the economy is experiencing a 7 percent unemployment rate, what is the rate of cyclical unemployment?
a. 7 percent b. 12 percent c. -2 percent d. 5 percent e. 2 percent
The strength of the competition faced by a company can profoundly affect its
a. pricing. b. output decisions. c. input decisions. d. All of the above are correct.
Figure 11-3
In Figure 11-3, which line represents the change in the consumption schedule caused by a cut in the personal income tax as advocated by President George W. Bush in 2001?
a.
C1 in graph (a)
b.
C2 in graph (a)
c.
C1 in graph (b)
d.
C2 in graph (b)