Monetarists have received this label because they emphasize the role of the
A. money supply in determining aggregate supply.
B. money supply in determining nominal GDP.
C. Fed in making monetary policy.
D. money supply in determining interest rates and investment.
Answer: B
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How will a government-imposed minimum wage affect the equilibrium level of employment in a competitive labor market and in a monopsony labor market?
What will be an ideal response?
Which of the following is an example of cyclical unemployment?
A. Marsha was laid off from her job with the airline because the recession reduced demand for airline travel. She expects to get her job back when the economy picks up. B. Jim had a job as an engineer, but quit when his wife was transferred to another state. He looked for a month before finding a new job that he liked. C. George is an unskilled worker who mows lawns in the summer, but is unemployed the rest of the year. D. Dora lost her job when the textile factory closed. She does not have skills to work in another industry and has been unemployed for over a year.
Over the past several decades there has been rapid growth in international trade. This growth has been due to all but one of the following factors. Which factor has not contributed to the growth of international trade?
A) the spread of reliable communications B) an increase in the tariffs charged on many goods C) a reduction in shipping costs D) favorable changes in government policies
Which goes exclusively to the poor?
A. Medicaid B. Medicare C. Social Security D. Unemployment insurance benefits