A high unemployment rate most likely means that there is a:
A. high rate of inflation in the economy.
B. large GDP gap in the economy.
C. low rate of interest in the economy.
D. small GDP gap in the economy.
Answer: B
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In the United States today, money consists of
A) currency only. B) deposits at banks only. C) coins only. D) currency and deposits at banks.
New York Times writer Michael Lewis wrote that "The sad truth, for investors, seems to be that most of the benefits....are passed through to consumers free of charge." To which of the following did Lewis refer?
A) the Enron accounting scandal B) apple farming in New York state C) new technologies developed in the 1990s D) the medical screening industry
As the U.S. became increasingly industrialized in the 19th century,
a. the poor got poorer. b. the rich got poorer. c. the income of the poor grew more slowly than the income of the rich. d. the income of the poor grew more rapidly than the income of the rich.
The monopolist faces the market demand curve
a. True b. False Indicate whether the statement is true or false