The larger a percentage of the population a person is, the ______________ likely that person will have to further engage with people she meets. This implies that she will generally be ____________ likely to behave unethically and poorly with the people in her town as the population of her town increases
A) more; less
B) less; less
C) more; more
D) less; more
C
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Potential GDP is the level of output produced when the unemployment rate is
A) equal to the natural unemployment rate. B) greater than the natural unemployment rate. C) less than the natural unemployment rate. D) zero. E) made up of only cyclical unemployment.
What's the most common way for a central bank to reduce the money supply?
A) Collect higher taxes B) Sell bonds to the public C) Buy bonds from the government D) Buy bonds from the public
Usury laws lead to
A. a surplus of loanable funds. B. a shortage of loanable funds. C. a floor under interest rates. D. more lenders than borrowers.
Figure 4-18
Refer to . The price of the good would continue to serve as the rationing mechanism if
a.
a price ceiling of $4.00 were imposed.
b.
a price ceiling of $5.00 were imposed.
c.
a price floor of $3.00 were imposed.
d.
All of the above are correct.