Public teacher layoffs, in most states, would be
A. among the worst teachers.
B. last in, first out.
C. first in, first out.
D. among the best teachers.
Answer: B
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In some markets, ________ act to adjust the price to bring the market into equilibrium
A) bulls B) regulators C) market makers D) web sites
The nominal wage increases from $20,000 to $21,000 while the price of a car increases by 7%. In this case, the percentage change in the real annual wage (in terms of cars) is about
A. 2%. B. -2%. C. -1%. D. 5%.
When trying to move the economy out of recession, the Republican Party is more likely than the Democratic Party to focus on
A. monetary policies. B. demand-side and supply-side policies. C. supply-side policies. D. demand-side policies.
What happens when the Federal Reserve purchases U.S. government bonds?
A) Interest rates rise because bonds become scarcer. B) Commercial bank reserves increase. C) The national debt declines in size. D) The growth rate of the money stock falls. E) All of the above occur.