Inflation caused by an increase in aggregate spending is referred to as:
A. demand-push inflation.
B. demand-pull inflation.
C. hyperinflation.
D. cost-push inflation.
Answer: B
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Given the consumption function C = $100 billion + 0.75 ($300 billion), autonomous consumption is equal to:
a. $100 billion. b. $225 billion. c. $300 billion. d. $325 billion. e. $400 billion.
Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of
a. both medical technicians and nurses' aides will rise. b. both medical technicians and nurses' aides will fall. c. medical technicians will rise, and the wages of nurses' aides will fall. d. nurses' aides will rise, and the wages of medical technicians will fall.
The Clayton Act was passed, in part, to strengthen the Sherman Act.
Answer the following statement true (T) or false (F)
Which group aids the Board of Governors of the Federal Reserve System in conducting monetary policy?
A. U.S. Treasury B. U.S. Congress C. Federal Advisory Council D. Federal Open Market Committee