Explain what change will bring a shift of a curve
What will be an ideal response?
A curve shifts when there is a change in the value of a relevant variable that is not graphed on the axes. In this case the entire curve shifts.
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Can an economy expect to attain an unemployment rate of zero? Why or why not?
What will be an ideal response?
Many people assert that the national debt is not a problem because "we owe it to ourselves." Is this true?
Banks that are managed in a very safe and conservative manner can be expected to earn
A. high, steady profits. B. high but volatile profits. C. low and consistent profits. D. low profits with occasional major losses.
Economics may best be defined as the:
A. interaction between macro and micro considerations. B. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. C. empirical testing of value judgments through the use of logic. D. study of why people are rational.