When the unemployment rate falls to the full-employment level:
A. There is increased concern about inflation.
B. Many resources are idle.
C. The size of the labor force decreases.
D. There is increased concern about deflation.
A. There is increased concern about inflation.
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If a firm increases its production every month, then its:
a. average fixed cost increases every month. b. average variable cost gets closer to the average total cost every month. c. average variable cost becomes equal to the average total cost. d. average fixed cost gets closer to the average total cost every month.
If the money market is in the liquidity trap, it is operating in the __________ segment of the __________ demand curve
A) vertical; investment B) vertical; money C) horizontal; investment D) horizontal; money
When the price and output decisions of one firm include the possible price and output reactions of the firm's rivals, the market is
A. a monopoly characterized by differentiated products. B. an oligopoly characterized by mutual interdependence. C. perfectly competitive characterized by collusion. D. monopolistically competitive characterized by nonprice competition.
The Fed became an active participant in the in the private banking system in response to the financial crisis of 2008.
Answer the following statement true (T) or false (F)