In the year ____, our President announced that we would no longer redeem dollars for gold.
Fill in the blank(s) with the appropriate word(s).
1971
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The economy is considered to be at full employment when
A) the frictional unemployment rate is zero. B) the structural unemployment rate is zero. C) the cyclical unemployment rate is zero. D) the unemployment rate is zero.
In the ordered pair (10,30), 10 is the y-coordinate and 30 is the z-coordinate
a. True b. False Indicate whether the statement is true or false
Suppose Good X is a substitute for Good Y. Everything else remaining unchanged, an increase in the price of Good Y will lead to
A. a decrease in demand for Good X. B. an increase in demand for Good X. C. a decrease in the price of Good X. D. an increase in demand for Good Y.
Refer to the table below. Martha's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 pies. B. 3/4 of a pie. C. 6 pies. D. 4/3 of a pie.