Refer to Figure 11.5. A decrease in the level of investment is best illustrated by diagram
A) A. B) B. C) C. D) D.
B
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Unemployment, especially in the long term, tends to increase the faith people have in social institutions such as government
a. True b. False Indicate whether the statement is true or false
Stagflation is the simultaneous occurrence of
A) low inflation and high unemployment. B) high inflation and low unemployment. C) low inflation and low unemployment. D) high inflation and high unemployment.
Fractional reserve banking is a system in which
A. a fraction of banking services must be provided by depository institutions. B. depository institutions pay a fraction of advertised interest rates. C. depository institutions hold a fraction of total deposits in reserve. D. the money supply is a set fraction of the U.S. gold reserves.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.