The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey
a. True
b. False
Indicate whether the statement is true or false
False
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Money is best defined as
A) anything that can be sold to pay for something. B) currency. C) anything that is backed by gold. D) anything accepted as a means of payment. E) anything that has value.
How does the decreasing use of DVD players affect the market for prerecorded DVDs?
A) The demand curve for prerecorded DVDs shifts to the left. B) The quantity of prerecorded DVDs demanded decreases. C) The quantity of prerecorded DVDs demanded increases. D) The demand curve for prerecorded DVDs shifts to the right.
A conversion of checking account balances into savings account balances would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. decrease; not change.
The expansion path
A. is the collection of all input combinations at which the marginal rate of technical substitution equals the input price ratio. B. shows how the cost-minimizing input choices change as the firm's output level changes. C. shifts if the input price ratio changes. D. both a and c E. all of the above