During the recession phase of the business cycle,
A. Interest rates are usually falling
B. Income is usually rising
C. Production is usually rising
D. Unemployment is usually falling.
A. Interest rates are usually falling
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Government regulations can create de facto monopoly results
a. True b. False
Official reserve assets include all of the following EXCEPT
A) foreign currencies. B) gold. C) special drawing rights. D) gifts to foreign countries.
An unanticipated shift to a more expansionary monetary policy that permanently increases the rate of inflation from 2 to 6 percent will
a. reduce unemployment in the short run, but unemployment will return to the natural rate in the long run. b. reduce unemployment in the short run, but unemployment will exceed the natural rate in the long run. c. increase unemployment in the short run, but unemployment will return to the natural rate in the long run. d. exert an unpredictable impact on unemployment in the short run, but unemployment will return to the natural rate in the long run.
Which of the following is true about the relationship between price and quantity supplied?
A) There is always a direct relationship between price and quantity supplied. B) There is always an inverse relationship between price and quantity supplied. C) There is usually a direct relationship between price and quantity supplied. D) There is usually an inverse relationship between price and quantity supplied.