There are ________ members of the FOMC.
A. 5
B. 7
C. 12
D. 19
Answer: C
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According to ________, the economy is normally at potential GDP
A) real business cycle models B) the adaptive expectations theory C) the short-run Phillips curve D) new Keynesian economists
The standard definition of "recession" is
A) a period of a positive frictional unemployment rate. B) two consecutive quarters of falling Real GDP. C) the lowest point in a business cycle. D) a period of negative inflation.
Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market.
A. shortage B. equilibrium quantity C. excess quantity demanded D. surplus
The PE ratio for a stock is
A. the predicted earnings per share of the stock divided by its current yield. B. the price of the stock divided by its earnings per share. C. the current yield of the stock. D. the predicted volatility of the stock.