An excess demand for money exists if the interest rate is below the equilibrium rate
a. True
b. False
A
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Which of the following industries does not fit the natural monopoly model?
A. Fast food restaurants B. Natural gas C. Electricity D. Cable TV
If a tax on gasoline is appropriately set, the congestion externality on roads can be fully internalized -- resulting in the efficient level of congestion on roads.
Answer the following statement true (T) or false (F)
Government policies can affect the supply of a good by: a. affecting the level of output of the good
b. affecting the cost of production of the good. c. affecting the nature of demand in the economy. d. affecting the income of the consumers.
Unemployment compensation is available to:
A. people who are out of work through no fault of their own regardless of previous employment history. B. anyone who is unemployed for an unlimited duration. C. anyone who is unemployed but for a limited duration. D. people who are out of work through no fault of their own and have worked in a covered occupation for a substantial number of weeks in the period just before they became unemployed.