Which of the following is not an example of a price index computed by the Bureau of Labor Statistics?
a. the Los Angeles price index
b. the energy price index
c. the producer price index
d. the stock price index
d
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Refer to Figure 7.1. Suppose the city passes an ordinance banning loud music, and this directly impacts Angus's legal ability to play his bagpipes. In response to this ordinance, Angus agrees to pay Dudley to not call the police
What is the minimum amount that Angus would have to pay Dudley each day for Dudley to be indifferent about doing nothing or calling the police? A) $100 B) $200 C) $350 D) $550
If a worker is temporarily laid off because the economy is in a recession
A) frictional unemployment increases. B) structural unemployment increases. C) the size of the labor force rises. D) cyclical unemployment increases.
Monetarists have argued that since velocity __________, this shows that shifts to the investment demand function must __________
A) is rather stable; cause the private economy to be unstable B) is rather stable; be offset by interest rate changes C) moves counter-cyclically; cause the private economy to be unstable D) moves counter-cyclically; be offset by interest rate changes
Time is primarily a __________ that can be measured in units
a. Value b. Goal c. Resource d. Decision device