Use the figure below to answer the next question.
The most likely cause of a shift from AB to CD would be a(n)
A. recession.
B. increase in the price level.
C. increase in productivity.
D. decrease in the size of the labor force.
Answer: C
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Which of the following is a financial intermediary?
A) an insurance company B) the Internal Revenue Service C) the Red Cross D) a share of corporate stock
Which of the following situations is likely to lead to dynamic open market operations?
A) A recession B) An increase in Federal Reserve float C) An increase in Treasury cash holdings D) An increase in currency outstanding
According to a recent study, college students who graduate during an economic recession end up accepting jobs that, on average, pay ________ less than the jobs accepted by students who graduate during economic expansions, and will continue to earn
less for ________ after they graduate. A) 26%; 5 years B) 9%; 8 to 10 years C) 4%; 3 to 5 D) 17%; 12 to 15
Agreeing with Keynesian economists, monetarists believe that the economy is subject to disequilibrium that must be corrected by government action
a. True b. False Indicate whether the statement is true or false