The best measure of the standard of living is generally considered to be
A) labor productivity.
B) the average duration of a typical business cycle.
C) the labor force participation rate.
D) real GDP per capita.
D
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Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.
If the Federal Reserve increases interest rates, ceteris paribus
A) the supply curve of U.S. dollars shifts leftward and the supply curve of European euros shifts rightward. B) the demand curve for U.S. dollars shifts leftward and the supply curve of U.S. dollars shifts rightward. C) the demand curve for U.S. dollars and the demand curve for European euros both shift rightward. D) the supply curve of U.S. dollars shifts rightward and the supply curve of European euros shifts leftward
A process through which a firm seeks to obtain earnings without contributing to production, thus wasting valuable resources, is known as
A. moral hazard. B. rent seeking. C. detrimental externality. D. a defective telescopic faculty.
Other things the same, an increase in the U.S. interest rate causes the quantity of loanable funds supplied to
a. rise because national saving rises. b. rise because domestic investment rises. c. fall because national saving falls. d. fall because domestic investment falls.