Who receives the most of what is produced in a market economy?
A) lawmakers and other politically favored groups
B) those who are most willing and able to buy them
C) everyone receives an equal amount
D) people who earn the highest incomes
Answer: B
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Unemployment insurance schemes mainly increase:
A. frictional unemployment. B. seasonal unemployment. C. teenage unemployment. D. cyclical unemployment.
If aggregate demand grows faster than aggregate supply, the equilibrium price level will rise.
Answer the following statement true (T) or false (F)
One key assumption behind the policy irrelevance proposition is that
A. prices are "sticky" upward. B. markets are not purely competitive. C. wages are "sticky" downward. D. the rational expectations hypothesis holds.
A depositor places $10,000 in cash in a commercial bank, where the required reserve ratio is 10 percent. The bank sends the $10,000 to its Federal Reserve Bank. As a result, the actual reserves, required reserves, and excess reserves of the bank have been increased by:
A. $10,000, $9000, and $1000 respectively B. $10,000, $500, and $4500 respectively C. $10,000, $1000, and $9000 respectively D. $1000, $10,000, and $9000 respectively