Growth in real GDP per hour worked in the United States was slowest during what period of time?
A) 1900-1949 B) 1950-1973 C) 1974-1995 D) 2006-2014
D
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Unemployment is a lagging indicator because:
A. employers wait to see how bad a recession looks before making the difficult decision to lay off workers. B. firms may first try to decrease or increase the hours of existing employees before changing levels of employment. C. employers wait to see how solid a recovery looks before committing to take on new employees. D. All of these are reasons that make unemployment a lagging indicator.
Expansionary monetary policy involves actions that:
A. reduce the money supply in order to decrease aggregate demand. B. increase the money supply in order to decrease aggregate demand. C. reduce the money supply in order to increase aggregate demand. D. increase the money supply in order to increase aggregate demand.
Monetary and price instability will
What will be an ideal response?
Saving is often discouraged by usury laws during inflationary periods because
A. nominal rates of interest are kept above real rates of interest. B. nominal rates of interest are kept below inflation rates. C. nominal rates of interest are kept above inflation rates. D. real rates of interest are kept above inflation rates.