The price fluctuations in the U.S. economy suggest that recessions cause lower unemployment and higher inflation
a. True
b. False
Indicate whether the statement is true or false
False
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Buyers and sellers who have no influence on market price are referred to as
a. market pawns. b. monopolists. c. price takers. d. price setters.
The "yardstick" people use to post prices and record debts is called
a. a medium of exchange. b. a unit of account. c. a store of value. d. liquidity.
Which of the following is the Fed's best strategy for dealing with demand shocks?
a. Maintain a money supply target b. Decrease the money supply c. Maintain a passive monetary policy d. Neutralize the impact with an increase in the money supply e. Increase the interest rate
For which type of job would you expect to see a compensating differential?
a. An accountant. b. A police officer. c. A senator. d. A tele-marketer.