The unemployment rate of today is significantly lower than that rate one hundred years ago
Indicate whether the statement is true or false
False (It is about the same.)
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A(n)_______ is a numeric value assigned to credit habits, bill paying, and history
a. FICO Score b. Annual percentage score c. Financial Score d. FDIC Score
In moving along a supply curve, which of the following is not held constant?
A. The number of firms producing this good. B. Expectations about the future price of the product. C. Techniques used in producing this product. D. The price of the product for which the supply curve is relevant.
Suppose there are two policy options facing a vote in the Senate. In the first, government spending will increase $100 billion, while the second option is to cut taxes by $100 billion. A Keynesian economist would argue for
A. the spending option because it has a bigger impact on total spending. The spending directly raises total spending plus it works through the multiplier, while the tax cut only works through the multiplier. B. the spending option because it won't affect the deficit the way the tax cut would. C. the tax option because it also affects the incentives workers face. Long-run aggregate supply will increase with the tax cut, but not with the spending increase. D. the tax option because it is easier to pass. The effects on total spending would be identical.
The cross-price elasticity of demand between Quaker State motor oil and Texaco motor oil is likely to be
A. a positive number. B. a small negative number. C. a large negative number. D. zero.