What effect does expansionary monetary policy have on short-term real interest rates?
a. Expansionary monetary policy tends to push short-term interest rates upward.
b. Expansionary monetary policy tends to push short-term interest rates downward.
c. The effect of expansionary monetary policy on short-term interest rates is unpredictable.
d. Expansionary monetary policy has no effect on short-term interest rates.
B
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Other things equal, the ________ the real interest rate, the ________ the potential pool of borrowers
A) higher; less risky B) higher; more risky C) lower; smaller D) lower; less qualified
Diminishing marginal productivity can occur due to the following reason(s)
a. the difficulty of monitoring and motivating larger workforces b. the increasing complexity of larger systems c. the "fixity" or permanence of some factor of production d. all of the above
Which of the following is a correct statement about unions in the United States?
A) The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce. B) Half of the top ten U.S. unions now have members who work in service and government occupations. C) Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions. D) Half of all U.S. workers are union members.
Which of the following topics is NOT a primary concern of macroeconomists?
A) fluctuations in the level of economic activity B) differences in standards of living across countries C) relative wages of skilled and unskilled workers D) unemployment