Given the following supply table, an increase in the price of pants from $30 to $50 per pair will increase the:Price (dollars per pair)A Supply Schedule for Pants Quantity Supplied (Pairs per week)$20400$30500$40600$50700
A. supply of pants by 700 pairs.
B. supply of pants by 200 pairs.
C. quantity supplied of pants by 500 pairs.
D. quantity of pants supplied by 200 pairs.
Answer: D
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Including marginally attached workers in the calculation of the unemployment rate would
A) increase the reported rate. B) lower the reported rate. C) not change the reported rate. D) change the reported rate, but in an unpredictable manner.
Which of the following institutions is NOT part of the structure of the Federal Reserve system?
A) The Federal Open Market Committee B) The Federal Reserve Banks C) The Board of Governors D) The Federal Government
From 1860 to 1910, international net capital flow into the U.S
(a) was positive when the U.S. economy expanded. (b) was neutral and not influenced by the U.S. business cycle. (c) was negative when the U.S. economy grew. (d) was positively impacted by U.S. discussions about and actual restrictions on immigration.
If at the prevailing interest rate the quantity of money demanded is $2 trillion, and the supply of money is $1.5 trillion, then which of the following istrue?
a. There is a shortage of money, and consequently interest rates must fall in order to achieve an equilibrium in the money market. b. There is a surplus of money, and consequently interest rates must fall in order to achieve an equilibrium in the money market. c. There is shortage of money, and consequently interest rates must rise in order to achieve an equilibrium in the money market. d. There is a surplus of money, and consequently interest rates must rise in order to achieve an equilibrium in the money market.