The largest part of what the United States produces today is ________ such as ________
A) goods; food and electronic equipment
B) goods; education and entertainment
C) services; trade and health care
D) services; textbooks and computers
C
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In 2006, before the start of the recession, the employment-population ratio was 63.4 percent. In August 2015, more than six years after the end of the recession, the ratio
A) was still 50 percent lower than the ratio in 2006. B) had increased to 72.3 percent. C) was still only 59.4 percent. D) was back to its 2006 level.
Supporters of Federal Reserve independence contend that independence from the rest of the federal government leads to lower
A) inflation rates. B) interest rates. C) reserve requirements. D) rates of unemployment.
Which of the following is FALSE?
a. Increase production if MR>MC b. Produce where MR=MC c. Average cost is total cost per unit of production d. Produce where MR=AC
The short-run aggregate supply curve shows the:
A. Inverse relationship between the price level and real GDP purchased B. Inverse relationship between the price level and real GDP produced C. Direct relationship between the price level and real GDP produced D. Direct relationship between the price level and real GDP purchased