Other things constant, an increase in resource prices will
a. increase aggregate demand.
b. decrease aggregate demand.
c. decrease short-run aggregate supply.
d. increase short-run aggregate supply.
C
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Each person who is 16 years or older is considered to be in one of the following categories:
A. part-time worker, full-time worker, or unemployed. B. employed, unemployed, or discouraged worker. C. part-time worker, full-time worker, or out of the labor force. D. employed, unemployed, or out of the labor force.
Since the 1970s, union membership in the U.S. has been
A) rising. B) remaining constant. C) declining. D) erratic.
A game is:
A. a situation in which each member of a group makes at least one decision and cares both about his own choice and about others' choices. B. describes a situation in which strategy plays a role. C. provides the foundation for understanding competition in industries with only a few producers. D. All of these are correct.
Who owns the Fed?
a. the federal government b. the 50 state governments c. the District Federal Reserve Banks d. it has no ownership, which is why it is called independent e. member banks