About 75 percent of American women over the age of 16 are in the labor force.
Answer the following statement true (T) or false (F)
False
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According to the classical model, the income generated by production is
A) always insufficient to purchase all the goods and services produced. B) enough to purchase all the goods and services produced. C) fully spent on savings. D) enough to meet the needs of everyone in society.
The above figures show the market for HD televisions. Blu-ray players can be used to play HD movies. If the price of Blu-ray players falls, then which figure shows the effect of this change in the market for HD televisions?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
When the Fed engages in quantitative easing, it alters ______________________ and when the Fed makes open market purchases it alters _______________________
A) short-term interest rates; long-term interest rates B) long-term interest rates; short-term interest rates C) the required reserve ratio; income tax rates D) income tax rates; the required reserve ratio
Which of the following scenarios does not illustrate a long-run adjustment?
A) A local Starbucks hires two new employees. B) Three firms leave the retail clothing industry. C) Ten new vineyards are opened in the U.S. D) Honda Jet builds a new assembly plant in Greensboro, NC.