It appears that one out of ten individuals classified by the Census Bureau as a year round, full-time worker was actually employed part-time at least six weeks of the year
Indicate whether the statement is true or false
T
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When the central bank sells $1,000,000 worth of government bonds to the public, the money supply:
A. increases by $1,000,000. B. decreases by $1,000,000. C. decreases by more than $1,000,000. D. decreases by less than $1,000,000.
As the period for firms to expand output is lengthened, the elasticity of the market supply curve will:
a. approach zero. b. increase. c. decrease. d. remain the same since time does not affect the elasticity of market supply.
Assume the economy is experiencing an inflationary gap, Keynesian economists believe that:
a. flexible wages will restore full employment. b. the Federal Reserve should lower the interest rate. c. the federal government should decrease spending to shift the aggregate demand curve leftward. d. the federal government should increase spending to shift the aggregate demand curve rightward.
If a U.S. dollar purchases 4 Argentinean pesos, and a gallon of milk costs $3 in the U.S. and 6 pesos in Argentina what is the real exchange rate?
a. 2 b. 3/2 c. 2/3 d. 1/2