Use the following diagram to answer the next question.
Consider the data points shown in the diagram, the observations range from the oldest on the right to the most recent observations on the left. Based on these observations we can say ________.
A. the evidence shows a positive relationship between unemployment and inflation
B. the evidence shows a negative relationship between unemployment and inflation
C. the evidence shows there is no relationship between unemployment and inflation
D. there is not enough evidence to determine the relationship between unemployment and inflation
Answer: B
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Which of the following might increase the MB of eliminating lead pollution in water?
A. Companies are producing less and therefore polluting less in the water. B. Fewer people suffer from the effects of lead pollution. C. A new study found out that lead is even more dangerous than previously thought. D. Companies have found a cheaper way to decrease lead pollution.
Money includes
A) currency. B) checking deposits held by households and firms. C) deposits in the foreign exchange markets. D) currency and checking deposits held by households and firms. E) futures and deposits in the foreign exchange market.
For countries with high seigniorage returns, we expect
A) PPP holding better. B) a high and variable inflation rate. C) a smaller role for their currencies as an international store of value. D) All of the above.
The economist John Kenneth Galbraith (1979) lists several major sources of weakness in the economy that laid the groundwork for the collapse of the 1930s. These sources include all of the following except
(a) A weak banking structure (b) Ignorance of the economy's problems by the nation's leaders (c) An overgrown federal bureaucracy with extensive regulation of the private economy (d) An increasingly unequal distribution of income