A trade-off between unemployment and inflation is reflected in the
A) economic stability.
B) nonaccelerating inflation rate of unemployment (NAIRU).
C) natural rate of unemployment.
D) Phillips Curve.
D
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Assuming that the Federal Reserve Banks sell $40 million in government securities to commercial banks and the reserve requirement is 20%, then the effect will be to reduce ________.
A. the money supply by potentially $200 million B. excess reserves by $8 million C. excess reserves by $200 million D. the money supply by potentially $400 million
The downward slope of the aggregate demand curve shows that
A) a higher price level will cause planned purchase rates for final goods and services to be higher. B) an increase in aggregate demand reduces the long-run aggregate supply. C) a lower price level will cause planned purchase rates for final goods and services to be higher. D) an increase in aggregate demand increases the long-run aggregate supply.
You notice that when the inflation rate increases, the interest rate tends to increase. This observation indicates that
A) there might be false causality between inflation and the interest rate. B) higher inflation rates must cause a higher interest rate. C) a scatter diagram of the inflation rate and the interest rate will show a positive relationshi
Medicare is an example of
A. A direct cash transfer payment. B. Free goods. C. In-kind income. D. Personal income.