Regarding the nation's money supply, the Federal Reserve
A. precisely sets the amount of money in circulation in consultation with the Congress.
B. gives the U.S. Treasury the authority to print as much as it wishes.
C. has no ability to influence its magnitude or its rate of growth.
D. has a major impact on its rate of growth.
Answer: D
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Which of the following factors will lead to a shift in the demand curve?
A) changes in the costs of inputs B) changes in technology C) changes in the price of the good D) changes in consumers' tastes and preferences
Within a game theory model, if a change in decision-making raises corporation A's profits by $50 and lowers corporation B's profits by $60, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.
Employers near military bases are aware that wives generally accompany their servicemen husbands when they are transferred. When presented with nonservice-wife applicants and wives of servicemen, they hire the nonservice-wife applicants. This is an example of
A. gender discrimination. B. statistical discrimination. C. economic discrimination. D. prejudicial discrimination.
The short-run Phillips curve tells policy makers that if inflation is currently 6 percent and unemployment is 4 percent, measures to reduce the inflation rate to 4 percent will most likely lead to an unemployment rate of:
A. 6 percent. B. 2 percent. C. 4 percent. D. 0 percent.