In the Full Employment and Balanced Growth Act of 1978, Congress set a target rate of unemployment. The nation achieves this target rate
a. in most years
b. at least once a year
c. only rarely
d. in election years
e. at least once every five years
C
Economics
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A good is said to have an elastic supply if its price elasticity of supply is:
A) equal to zero. B) between zero and one. C) equal to one. D) greater than one.
Economics
Which of the following is NOT an economic function of government?
A) providing a legal system B) ensuring economic stability C) providing government-inhibited goods D) promoting competition
Economics
One reason firms in monopolistic competition can charge different prices is that their products are
a. identical. b. similar. c. differentiated. d. guaranteed.
Economics
Net exports equal
a. exports plus imports. b. exports minus imports. c. imports minus exports. d. GDP minus imports.
Economics