An increase in price will increase supply
a. True
b. False
Indicate whether the statement is true or false
False
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What are the flows in the market economy that go from firms to households and the flows from households to firms?
What will be an ideal response?
Two assumptions made in Gordon's early presentation of the IS-LM model were that the Federal Reserve has ________ control of the money supply and that the money demand function ________ subject to instability
A) precise, is B) precise, is not C) imprecise, is D) imprecise, is not
The change in total planned real expenditures resulting from a change in the real value of money balances when the price level changes, all other things held constant, is
A) the real-balance effect. B) the interest rate effect. C) the open economy effect. D) demand side inflation.
Suppose the total population of an economy is 150 million, the labor force is 100 million, and the unemployment is 94 million. The unemployment rate is _____
a. 6 percent b. 80 percent c. 94 percent d. 10 percent e. 15 percent