Assuming the economy is at full employment, a decrease in aggregate demand will most likely cause a change in which of the following types of unemployment?
A. Structural.
B. Seasonal.
C. Frictional.
D. Cyclical.
Answer: D
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Which of the following statements accurately describes the two measures of the money supply?
A) The two measures do not move together, so they cannot be used interchangeably by policymakers. B) The two measures' movements closely parallel each other, even on a month-to-month basis. C) Short-run movements in the money supply are extremely reliable. D) M2 is the narrowest measure the Fed reports.
Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will have make 16 dishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day making dishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. For Jerry, the opportunity cost of building a fence is ________ dishes made.
A. 7 B. 4 C. 14 D. 2
When interest rates in the U.S. decrease, we can expect NCO to:
A. increase, because capital inflow is decreasing. B. increase, because capital inflow is increasing. C. decrease, because capital inflow is increasing. D. decrease, because capital inflow is decreasing.
A tax levied on the purchase of a specific good or service is
A. a purchase tax. B. a value tax. C. an excise tax. D. a consumption tax.