A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks
a. True
b. False
Indicate whether the statement is true or false
False
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The government purchases component of GDP includes:
A. purchases of final goods and services. B. payments made to social security recipients. C. interest payments on government debt. D. transfer payments.
Which of the following is NOT an example of a financial derivative?
A) forwards B) bonds C) swaps D) futures E) options
Which of the following is true about a monopoly?
a. A monopoly charges a higher price and produces a lower output level than if the market were competitive. b. A monopoly is guaranteed an economic profit. c. A monopoly charges the highest possible price. d. A monopoly will shut down whenever losses are incurred. e. All of these.
The main difference between new classical and new Keynesian theory is with respect to the assumption of
A) how expectations are formed. B) how flexible wages and prices are. C) the slope of the SRAS curve. D) the slope of the AD curve.