The Federal Reserve appears to tighten monetary policy after a trough __________ it eases policy after a peak in the business cycle
A) sooner than
B) after about the same length of time as
C) later than
D) no sooner or later than
A
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Economists often refer to the government revenue obtained from money creation as:
A) liquid revenue. B) windfall revenue. C) an inflation tax. D) a supplementary tax.
Which of the following situations is least likely to involve mutual interdependence?
A) Canada is thinking about banning all imported beef from the United States. B) Octavia is thinking about trading in her Toyota Prius for a BMW 220i. C) Walmart is considering moving up the start-time for its Black Friday sales to 12:01 AM on Thanksgiving day. D) McDonald's is thinking about lowering all its menu prices by 50 percent.
At what U.S. unemployment rate do most economists believe full employment occurs?
a. 0 percent b. between 1.5 and 2.0 percent c. between 4.5 and 5.0 percent d. between 5.5 and 6.0 percent e. between 7.5 and 8.0 percent
Which of the following best represents economic growth?
A. an increase in real Gross Domestic Product (GDP) B. an increase in nominal Gross Domestic Product (GDP) C. an increase in the per capita nominal Gross Domestic Product (GDP) D. an increase in the per capita real Gross Domestic Product (GDP)