Which of the following is NOT an objective of government?
(a) High and stable economic growth.
(b) Low unemployment.
(c) High Inflation.
(d) Positive Balance of Payments
Answer: (c) High Inflation.
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Which of the following would cause the U.S. demand curve for Japanese yen to shift to the right?
a. An increase in the U.S. inflation rate compared to the rate in Japan. b. A higher real rate of interest on investments in Japan than on investments in the United States. c. The popularity of Japanese products increases in the United States. d. All of these.
When the Fed sells government bonds, the reserves of the banking system
a. increase, so the money supply increases. b. increase, so the money supply decreases. c. decrease, so the money supply increases. d. decrease, so the money supply decreases.
Which of the following is the best example of land?
A. A barber's chair. B. A factory that produces new goods and services. C. The water used to make a soft drink. D. The ethanol refined from corn.
Official poverty rates in the last 40 years have
A. risen dramatically. B. stayed roughly the same. C. been eliminated. D. fallen dramatically.