If AD increases at a faster rate than AS, the result will be
A. demand-side inflation.
B. supply-side inflation.
C. falling prices.
D. stable prices.
Answer: A
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An example of a money flow in the circular flow diagram is
A) a student's payment of tuition to her university. B) the government's operation of the court system. C) the government's financing of the national debt. D) a firm's production of goods to sell to a foreign country. E) a farmer's use of land to grow wheat.
The above table shows answers given by people interviewed in the Current Population Survey. Which people are structurally unemployed?
A) A, B, C, and D B) A, B, and C C) B and C. D) A, B, and D
The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then
A) there would be a surplus of apartments. B) there would be a shortage of apartments. C) the market would reach equilibrium at the quantity of 60 housing units. D) the supply of housing would increase.
One goal of international policy coordination is to minimize the effect of
A) international externalities. B) sterilization. C) optimal currency areas. D) monetary autonomy.