Which of these is NOT one of the definitions of money supply mentioned in the video?
A. M0
B. M1
C. M2
D. MB
Answer: A. M0
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
In the figure above, the number of workers employed is ________, and the wage paid is ________
A) 3,000; $7 per hour B) 7,000; $7 per hour C) 5,000; $5 per hour D) 5,000; $7 per hour E) 3,000; $5 per hour
A decrease in the availability of lower-cost drugs will tend to shift the ________ curve for medical services to the ________
A) supply; left B) demand; right C) demand; left D) supply; right
Sharon was being treated unfairly by her boss, so she stormed off the job and two days later found another position. For two days, Sharon experienced:
a. cyclical unemployment. b. structural unemployment. c. seasonal unemployment. d. frictional unemployment. e. being out of the labor force.