The natural rate of unemployment is constant over time
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S1 (point A)
If there is an increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples, the equilibrium could move to which point? A) none of the points shown B) B C) C D) E
Refer to Figure 9.3. If the government establishes a price ceiling of $1.00, how many pounds of berries will be sold?
A) 200 B) 300 C) 400 D) 600 E) 800
Prior to 2008, the primary tool used by the Fed to control the money supply was
a. the manipulation of the required reserve ratio banks must hold against their checking deposits. b. the extension of loans to financial institutions. c. the buying and selling of stocks and corporate bonds. d. the buying and selling of U.S. Treasury securities.
Which of the following would be counted in the calculation of GDP?
a. the sale of a rare, old coin to a coin collector b. the damage to a house caused by a hurricane c. the brokerage commission from the sale of 100 shares of Microsoft stock d. the sale of cocaine in the black market