Which of the following is least likely to be studied in macroeconomics?
A. Advertising
B. Business cycles
C. Inflation
D. Unemployment
Answer: A
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As of December 2008, the most important category in the CPI is
a. medical care b. education c. transportation d. food and beverages e. housing.
In the long run, an increase in the money supply growth rate
a. shifts both the long-run and the short-run Phillips curves right. b. shifts the long-run Phillips curve left and the short-run Phillips curve right. c. shifts the long-run Phillips curve right and the short-run Phillips curve left. d. None of the above is correct.
A "capitalist" is someone who:
A. owns stock. B. opens a retirement account. C. holds a treasury bond. D. All of these statements are true.
Would it take longer for a labor market to move to a new equilibrium for house painters or architects? Why?
What will be an ideal response?