Which of the following persons would be considered employed?
A) Jennifer, a teacher who is on a two month maternity leave but will return to work after.
B) All of the above persons are considered employed.
C) Sam, a 12 year old who helps his mom stock shelves at her gift shop.
D) Ron, a recently enrolled full-time college student in hopes of finding a well-paying job.
Ans: A) Jennifer, a teacher who is on a two month maternity leave but will return to work after.
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If the Federal Reserve lowers its target inflation rate, the monetary policy reaction function ________ and the aggregate demand curve ________.
A. shifts downward to the right; shifts to the left B. shifts downward to the right; shifts to the right C. shifts upward to the left; shifts to the left D. shifts upward to the left; shifts to the right
When the Fed ________ the federal funds rate, the opportunity cost of firms' investment ________ and so the quantity of investment ________
A) increases; falls; increases B) decreases; falls; decreases C) increases; rises; decreases D) decreases; rises; decreases E) increases; rises; increases
Many younger people eat peanut butter AND jelly, whereas many older people eat peanut butter OR jelly. This suggests that the cross elasticity of demand between peanut butter and jelly is
A) negative for youngsters and positive for oldsters. B) positive for youngsters and negative for oldsters. C) negative for youngsters and zero for oldsters. D) positive for youngsters and zero for oldsters.
Which of the following is NOT an example of monetary policy? a. The Federal Open Market Committee decides to sell bonds
b. The Federal Open Market Committee decides to buy bonds. c. The Federal Reserve reduces the reserve requirements. d. The Federal Reserve facilitates bank transactions by clearing checks.