The Current Population Survey interviews approximately how many households each month?
A) 5,000
B) 10,000
C) 60,000
D) 100,000
C
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Which of the following most likely describes economics?
a. Economics is not a form of moral instruction. b. Economics is a form of moral instruction. c. Economics seeks to describe economic behavior as it should exist. d. Economics does not seek to describe behavior.
As disposable income grows,
A. both autonomous C and induced C rise. B. both autonomous C and induced C fall. C. autonomous C falls and induced C rises. D. autonomous C stays the same and induced C rises.
If demand is elastic, then when price rises, total revenue will decrease.
Answer the following statement true (T) or false (F)
During periods of ________ growth and inflationary pressures, the Federal Reserve will likely decrease the money supply to ________ interest rates.
A. slow; decrease B. high; decrease C. slow; increase D. high; increase