Real interest rates were negative during most of the
A) 1960s.
B) 1970s.
C) 1980s.
D) 1990s.
B
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A perfect monopoly:
A. has no competition at all. B. has complete market control. C. restricts output to maximize profits. D. All of these statements are true.
As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined b. states with aggressive work requirements were rewarded with larger federal grants c. few welfare recipients were able to find jobs d. there was a significant increase in welfare spending per recipient e. states cut back on their provision of services such as job placement and child care
If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry, then the increase can be blamed on: a. seasonal unemployment. b. cyclical unemployment
c. structural unemployment. d. frictional unemployment. e. underemployment.
The money demand curve will shift to the right if:
A. ATM machines are introduced. B. the price level decreases. C. real income increases. D. the nominal interest rate increases.