The labor force consists of all adults who are currently employed
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following will cause consumption, and as a result, aggregate demand, to shift to the right?
a. an optimistic business forecast of future income growth b. increased consumer wealth c. an increase in consumer confidence d. all of the above
Which of the following would be illegal under the Clayton Act?
A. Executives from Nike and Reebok meet to fix the price of athletic shoes. B. Ford and Firestone Tire agree to merge. C. Xerox will only sell its copy and print machines if buyers agree to also buy a service contract. D. Healthy Energy Bar Co. falsified a study showing the health benefits of its product and uses that study in its advertising.
A decrease in the reserve requirements causes
A. reserves to rise. B. reserves to remain the same. C. the money multiplier to rise. D. the money multiplier to fall.
The demand for diet soft drinks (as a group) is relatively inelastic because
A) there are many of them on the market. B) there are few substitutes. C) the purchase of a soft drink represents a large portion of a person's budget. D) none of the above.