Expansionary monetary policy
What will be an ideal response?
the Federal Reserve's policy of decreasing interest rates to increase real GDP
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What unethical methods might business communicators be tempted to use to make their case stronger?
a. Ignoring "What if?" questions b. Fudging the facts c. Omitting crucial information d. Exaggerating the point e. Gaining attention with a compliment
Economists use the term wealth to mean
A) what a person earns. B) a person's investment. C) what a person owns. D) the amount of income that is spent and not saved. E) the same thing as income.
Which of the following results in a movement along the supply curve of spinach but does not shift the supply curve of spinach?
A) disastrous weather that destroys half of this year's spinach crop B) a rise in the price of spinach C) an increase in wages for workers in spinach fields D) great weather that produces a bumper spinach crop this year
The negative slope of the demand curve reflects the:
a. positive relationship between price and quantity. b. proportional relationship between price and quantity. c. inverse relationship between price and quantity. d. positive relationship between income and quantity. e. inverse relationship between income and price.