Classical economists believe that:
a. velocity is not constant.
b. changes in the money supply affect real GDP.
c. the quantity of money explains prices.
d. the money supply affects velocity.
c
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An unexpected fall in the Purchasing Managers' Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
In which governance form do shareholders own the company?
A) public sector B) state-owned enterprise C) corporation D) non-profit
When there is an increase in demand,
a. the demand curve shifts toward the origin of the graph. b. the demand curve twists clockwise. c. the demand curve shifts away from the origin of the graph. d. the demand curve twists counterclockwise. e. a lower price has increased the amount of the good that consumers will buy.
Ashley was being treated unfairly by her boss, so she stormed off the job and two days later found another position. For two days, Ashley experienced
a. cyclical unemployment. b. structural unemployment. c. seasonal unemployment. d. frictional unemployment. e. being out of the labor force.