The economy above has experienced a:
Answer the question on the basis of the following information:
A. declining nominal GDP.
B. rising price level.
C. declining real GDP.
D. rising real GDP.
D. rising real GDP.
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Even when the Obama administration succeeds with its effort to gain Congressional approval for its stimulus proposals, it will still take time for these policies to actually work. The time it takes for these policies to work is known as
A) automatic stabilization. B) crowding out. C) inside lags. D) outside lags.
Why do we need methods of allocating scarce resources?
What will be an ideal response?
Which of the following causes the unemployment rate to understate the true extent of joblessness?
A) Many full time workers really want to be part time workers. B) A drug dealer reports herself as unemployed. C) Persons who collect unemployment benefits report themselves to be searching for a job. D) Discouraged workers are counted as unemployed. E) Discouraged workers are not counted as unemployed.
Early unions were considered by the courts to be
a. harmless b. legal if they operated within a state's borders c. a criminal conspiracy d. in the public's interest e. illegal only in transportation industries such as railroads