A mixed economy is one that combines public and private ownership of property
a. True
b. False
Indicate whether the statement is true or false
True
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If a firm faces ______, while the prices for the output the firm produces remain unchanged, a firm’s profits will increase
a. higher demand b. lower costs of production c. equilibrium d. a shift in demand
In the 1990s, Fed Chair Alan Greenspan believed that the market was
a. undervalued, and evidence later showed that this was clearly correct. b. undervalued, but whether it was remains debatable. c. overvalued, and evidence later showed that this was clearly correct. d. overvalued, but whether it was remains debatable.
In recent years, calls for monetary rules by the Federal Reserve have been replaced with calls for:
A. A reduction in coordination failures B. Using an equation of exchange C. Price-level surprises D. Inflation targeting
Between 2006 and 2008 the poverty rate
A. rose by about one percent. B. fell by about one percent. C. rose by around three percent. D. fell by about three percent.