In Figure 1.1, which labeled points represent the existence of unemployment?
A. only A
B. only B and C
C. only D
D. A, B, and C
Answer: A
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The equation of exchange specifies that
A) MsV = PY. B) velocity and money supply are directly related. C) MsP = VY. D) Ms = PVY.
If the inflation rate decreased from 3.33% to 2.90% between October and November, while the nominal interest rate increased from 4.75% to 4.80%, what is the real interest rate in November?
Which of the following is an example of a voucher?
A) the postal service B) police services C) social security D) food stamps E) a patent on a pharmaceutical drug
The United States has greater income
a. disparity than most other economically advanced countries, but a more equal income distribution than some developing countries. b. disparity than both other economically advanced and all developing countries. c. equality than most other economically advanced countries but greater income disparity than some developing countries. d. equality than both other economically advanced and developing countries.