Actions by the Federal Reserve to influence the level of GDP are known as:
A. monetary policy.
B. fiscal policy.
C. cyclical policy.
D. procyclical policy.
Answer: A
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Hiring a white worker may be statistically safer for the employer than hiring a minority
Indicate whether the statement is true or false
How would a local government use marginal analysis to determine whether or not to undertake a new highway construction project?
What will be an ideal response?
Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.According to this Application, how will an increase in government spending on entitlement programs affect the macroeconomy?
A. It will increase aggregate demand. B. It will decrease aggregate demand. C. It will increase aggregate supply. D. It will decrease aggregate supply.
In the above figure, as more ukuleles are produced, the opportunity cost in terms of guitars is
A. decreasing. B. increasing. C. zero. D. constant.