When a government prints money to finance its expenditures, it is likely to cause
A) unemployment.
B) inflation.
C) deflation.
D) reductions in the use of barter.
B
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The high period of immigration in the first half of the 19th century was caused by
a. the Irish potato famine. b. political unrest in Europe. c. political unrest in China. d. Only a and b are correct. e. None of the above are correct.
An improvement in technology that increases the marginal product will shift the demand for labor curve to the right
a. True b. False Indicate whether the statement is true or false
The human costs of unemployment are
a. insignificant b. not as important as the economic costs of unemployment c. equal to the economic costs of unemployment d. not measured in dollars, but are extremely important considerations e. the opportunity cost of lost output
On the basis of the equation of exchange, the policy makers of an economy predicted that an increase in money supply would result in an increase in real gross domestic product. This prediction was based on the assumption that: a. there were no fluctuations in the interest rate
b. the velocity of money in the economy did not increase. c. the nominal gross domestic product of the economy was constant. d. the discount rate was fixed.