In which of the following decades did the Phillips curve break down for the U.S.?
A) 1940s
B) 1950s
C) 1960s
D) none of the above
D
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Under the Federal Reserve Act, which banks must be members of the Federal Reserve System?
A) all commercial banks B) national banks C) state banks D) all banks with capital in excess of $100 million
Suppose that the price of compact disks (CDs) increases, other things equal. Which of the following in the most likely effect in the market for DVDs?
a. a decrease in demand for DVDs b. an increase in demand for DVDs c. an increase in quantity demanded of DVDs d. a decrease in quantity demanded of DVDs e. a decrease in the quantity supplied of DVDs
The unemployment that results from the process of matching workers and jobs is called structural unemployment
a. True b. False Indicate whether the statement is true or false
Which of the following is accurate?
a. Monetary policy is neutral in both the short run and the long run. b. Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. c. Monetary policy has profound effects on real variables in both the short run and the long run. d. Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.