A "conservative" central banker cares
A) less about inflation and more about unemployment than the government.
B) more about economic growth and less about inflation.
C) more about inflation and less about unemployment than the government.
D) less about economic growth and more about inflation.
C
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Which of the following will cause a movement along the demand curve for shoes?
A) an increase in the price of socks B) an increase in income C) an increase in the price of shoes D) all of the above
If an economy is operating at a point outside the PPC, either the society has resources that are not being fully used or production is not efficient
a. True b. False Indicate whether the statement is true or false
As manufacturing becomes more efficient, services can be expected to become more costly
a. True b. False Indicate whether the statement is true or false
In 2009 Congress passed legislation providing states with funds to build roads and bridges. It also instituted tax cuts. Which of these shifts aggregate demand right?
a. only the increased funding for states b. only the tax cuts c. both the increased funding for states and the tax cuts d. neither the increased funding for states nor the tax cuts