Steps taken to clean the environment may lead to
A. overproduction.
B. higher prices.
C. higher incomes.
D. higher profits.
Answer: B
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The quality change bias is most likely to put ________ into the CPI and so ________ the inflation rate
A) a downward bias; understate B) an upward bias; understate C) an upward bias; overstate D) a downward bias; overstate E) a random bias; randomly overstate or understate
A bank's net interest income is roughly analogous to a manufacturing firm's
A) total reserves. B) gross profit. C) total cost. D) gross interest income.
The economy is considered to be at full employment when
a. structural unemployment is zero b. frictional plus structural unemployment is less than the natural rate c. the leading economic indicators are unchanged for two consecutive quarters d. the actual rate of unemployment equals the natural rate e. the unemployment rate is zero
Features of the labor market that are likely to cause structural unemployment include all of the following except:
A. labor unions. B. differences in the skills and experience of workers. C. minimum wage laws. D. unemployment compensation.