When the Fed is changing the quality of the assets it holds, this is called:
A. precommitment policy.
B. quantitative easing.
C. operation twist.
D. credit easing.
Answer: D
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The figure above shows how the sales of the video game "Tomb Raider—Lara Retires" change when the advertising spent on the game changes
Is the relationship between advertising and the number of games sold positive, negative, or neither? Explain your answer.
The largest group of saver-lenders in the financial system is
A) businesses. B) government. C) households. D) financial intermediaries.
Which of the following statements concerning economic models is FALSE?
A) Economic models must provide usable predictions. B) Economic models are based on pure fact and no assumptions. C) Economic models are tested empirically. D) Economic models relate to how people behave.
Which of these conclusions does the graph U.S. Unemployment by Race or Ethnic Group support?
a. Businesses tend to give jobs to white workers before they will hire black or Hispanic
workers.
b. The unemployment rate for Hispanic workers is determined by whether employers
perceive them as white or black.
c. White workers have a lower unemployment rate because they make up less of the
U.S. workforce than black and Hispanic workers.
d. White, black, and Hispanic workers all constitute roughly the same proportion of the U.S. workforce.