The Fed-Treasury Accord of March 1951 provided the Fed greater freedom to
A) let interest rates increase.
B) let unemployment increase.
C) let inflation accelerate.
D) let exchange rates increase.
A
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Betty consumes only milkshakes and sandwiches and maximizes her total utility. Suppose that the prices of a milkshakes and sandwiches both double and at the same time Betty's income doubles
Betty buys ________ sandwiches and her marginal utility from sandwiches ________. A) more; increases B) fewer; decreases C) more; decreases D) the same number of; remains the same
The combination of frictional and structural unemployment is the:
a. cyclical rate of unemployment. b. transitional rate of unemployment. c. civilian rate of unemployment. d. natural rate of unemployment.
Which of the following is not another way of describing the marginal propensity to consume?
a. MPC b. The slope of the consumption function c. The change in real consumption spending divided by the change in real disposable income d. The amount by which real consumption spending rises when real disposable income increases by one dollar e. Autonomous consumption spending
Which of the following is NOT an example of price? discrimination?
A. Student discount at a local movie theater. B. Pharmaceutical companies charge customers living in wealthier countries higher prices than for identical drugs in poorer nations. C. A hard cover book selling for more than the same book in electronic form. D. Breakfast cereal makers sending coupons to select buyers.