If adopted by a firm, a labor-saving piece of technology is one that would:
A. increase labor demand.
B. increase labor supply.
C. decrease labor demand.
D. decrease labor supply.
C. decrease labor demand.
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The present value of $500,000 in 4 years at 7 percent interest is approximately:
A. $381,448. B. $655,398. C. $344,682. D. None of these statements is true.
One way fiscal policy affects aggregate demand is:
A. indirectly through government spending. B. directly through tariffs. C. directly through taxation. D. indirectly through taxation.
The highest-income fifth of the U.S. population earns more than 50 percent of all income
a. True b. False Indicate whether the statement is true or false
Economists who really do want to take discretion away from the Fed, by imposing rules on ________, face the problem of ________
A) policy instruments, the Fed requiring discretion to adhere to the rule B) policy instruments, slippages between instruments and target variables C) target variables, the Fed requiring discretion on how to achieve the rule D) target variables, slippages between instruments and target variables