If the economy's resources are fully employed, pumping money into the economy will put ________ pressure on interest rates and will ________ output
A) upward; not change
B) upward; decrease
C) downward; decrease
D) downward; not change
D
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Which of the following groups would have the highest unemployment rates?
A. Married men B. White workers C. College graduates D. Teenagers
If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product?
If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good given up) remains constant, then the shape of the production possibilities curve is:
A. A straight horizontal line B. A straight downward-sloping line C. An upward-sloping line D. A vertical line
A Monetarist-oriented econometric model is likely to emphasize that monetary policy affects economic activity
A) directly through changes in government spending. B) directly through changes in the money supply. C) indirectly through changes in velocity. D) indirectly through changes in money demand.