An increase in the price level in the economies of U.S. trading partners will cause the aggregate expenditures function in the United States to
A. shift up.
B. shift down.
C. get flatter.
D. get steeper.
Answer: A
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If this year's price level is 126 and last year's price level was 120, the inflation rate is ________
A) 0.95 percent a year B) 5 percent a year C) 6 percent a year D) 1.05 percent a year
When a bank pays a check drawn on a customer's account to another bank, the bank loses
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
Economic goods are items that
A) are used only by economists. B) provide satisfaction to users. C) cannot be sold at any price in the market. D) individuals would pay to get rid off.
Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false