Holly reads that the US unemployment rate is 9.5% in August. She knows that there are labor ____ and that wages will eventually ____
Fill in the blank(s) with the appropriate word(s).
Ans: surpluses; fall
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The CPI measures the average level of prices of all final goods and services produced in the economy
a. True b. False Indicate whether the statement is true or false
With expected inflation equal to zero in the model, investment activity for an economy is:
a. a positive function of the nominal rate of interest. b. a negative function of the nominal rate of interest. c. constant in the face of differing nominal rates of interest. d. limited to the rate of growth of nominal GDP minus the inflation rate.
How can the Federal Reserve actually increase the money supply?
A. by delaying transfer of money among banks B. by raising the discount rate C. by doubling the reserve requirement D. by purchasing more government bonds in the open market
Refer to the diagram. As it relates to production possibilities analysis, the law of increasing opportunity cost is reflected in curve:
A. A
B. B
C. C
D. D