During the recession of 2007–2008 in the United States, _____
a. the unemployment rate for men was higher than for women
b. the unemployment rate for women was higher than for men
c. the frictional unemployment rate was very low
d. the structural unemployment rate for women was very high
b
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The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 2010, the base year, the typical consumer purchased 10 books for $25 each and 25 hamburgers for $2 each. In 2015, the typical consumer purchased 15 books for $30 each and 30 hamburgers for $3 each. The consumer price index for 2015 on Planet Econ equals:
A. 1.45 B. 1.00 C. 1.25 D. 1.15
An increase in expected future income increases ________
A. consumption expenditure, which increases current aggregate demand B. investment, which increases current aggregate supply C. the demand for money, which decreases current aggregate demand D. future consumption expenditure and has no effect on current aggre-gate demand
The primary responsibility of conducting monetary policy rests with the:
A) Board of Governors. B) Federal Open Market Committee. C) Federal Deposit Insurance Corporation. D) U.S. Treasury.
Economic profits at the short-run break-even point are
A) positive. B) negative. C) equal to zero. D) indeterminate since they also depend on the size of the fixed costs.