Which of the following is an example of a labor-intensive commodity?
A. Digital cameras.
B. Beer.
C. Aspirin tablets.
D. Gasoline.
A. Digital cameras.
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The figure above shows the market for bank reserves in Futureland. If the Bank of Futureland undertakes an open market purchase of government securities that changes the quantity of reserves by $25 billion, then the federal funds rate will
A) fall to 4 percent a year. B) remain at 6 percent a year. C) rise to 8 percent a year. D) change, but more information is needed to determine by how much. E) None of the above answers is correct.
Which of the following statements does not explain why US health care expenditures are higher than in other countries?
A) Government policies have shifted the health care production function downward over time. B) Consumer incomes have increased, which allows consumers to purchase more health care. C) The US health care system is relatively inefficient compared to other countries. D) Demand for health care in the US has increased, so health care production occurs at a higher point on the total product curve than in other countries.
Individuals with higher saving and investment rates will more likely
What will be an ideal response?
In the expectations-augmented Phillips curve, ? = ?e - 3(u - 
). If ? = 0.06 when ?e = 0.06 and u = 0.04, then 
=
A. 0.02. B. 0.03. C. 0.04. D. 0.05.