If interest rates decrease:
a. the quantity of money demanded will not change.
b. the money demand function will shift to the right.
c. the quantity of money demanded will decrease.
d. the money demand function will shift to the left.
e. the quantity of money demanded will increase.
e
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If the change in the y-axis variable is 4 and the change in the x-axis variable is 2, the slope of this line is 1/2
Indicate whether the statement is true or false
Which of the following statements is true about the U.S. economy?
A) Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly. B) Each year few jobs are created, and therefore it takes the unemployed a long time to find a new job. C) Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low. D) Each year, many new jobs are created and many existing jobs are destroyed.
The Bureau of Economic Analysis estimates the size of the underground economy but many economists believe that the estimates are too low
a. True b. False
The problem of moral hazard arises because
a. life is full of all sorts of risks. b. after people buy insurance, they have less incentive to be careful about their risky behavior. c. a high-risk person is more likely to apply for insurance than is a low-risk person. d. insurance companies go to great effort to avoid paying claims to their policy holders.