Typically, the unemployment rate ________ during a recession and ________ during an expansion.

A. rises; does not change
B. rises; falls
C. rises; rises even more
D. falls; rises


Answer: B

Economics

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In practice, the Board of Governors and the chairperson of the Federal Reserve have the real control over monetary policy

Indicate whether the statement is true or false

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The switch to flexible exchange rates in 1973 has made the effect of monetary policy on net exports a ________ important component of the monetary policy multiplier process, and thus has ________ the effectiveness lag

A) more, lengthened B) more, shortened C) less, lengthened D) less, shortened

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What is the meaning of the word “oligopoly”?

a. few buyers b. many sellers c. few sellers d. one buyer

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Which of the following equals the ratio of the change in total revenues over the change in output?

A) total cost B) average revenue C) demand D) marginal revenue

Economics