The unemployment rate is an example of a Federal Reserve
A) tool.
B) operating target.
C) intermediate target.
D) ultimate objective.
D
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A mixed economy blends private and public elements.
Answer the following statement true (T) or false (F)
Tax laws affect
A) economic efficiency but not equity. B) consumption and production, not efficiency and equity. C) both efficiency and equity. D) equity but not economic efficiency.
The birthrate in the United States decreased during the 1960s, and as a result
A) structural and frictional unemployment increased. B) cyclical unemployment declined. C) cyclical unemployment increased. D) the natural rate of unemployment declined.
Consider the market for capital equipment. Suppose the market price of firms' output decreases. Holding all else constant, the equilibrium quantity of capital equipment will
a. increase. b. decrease. c. not change. d. It is not possible to determine what will happen to the equilibrium quantity of capital equipment.