The misery index is supposed to measure the
a. social cost of unemployment.
b. health of the economy.
c. lost output associated with a particular unemployment rate.
d. short-run tradeoff between inflation and unemployment.
b
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A football stadium has a fixed number of seats. Given this, how should stadium management determine ticket prices?
a. When MR
The nominal rate of interest is the difference between the real rate and the expected rate of inflation
a. True b. False Indicate whether the statement is true or false
If most people expect the inflation rate will increase, the:
A. short-run aggregate supply curve would shift to the left. B. aggregate demand curve would shift right. C. long-run aggregate supply curve would shift right. D. short-run aggregate supply curve would shift to the right.
Hughes and Cain (2011) give some credit to which of the following factors for the 1860–1910 increase in the number of people employed, shorter work days and higher real incomes?
(a) A decrease in the number of immigrants (b) A closed economy with no imports coming into or exports going out of the U.S. (c) Mechanical power and capital accumulation (d) All of the above