Which of the following is true?
a. Families are getting bigger, across most populations
b. The U.S. is growing older, median age is rising
c. Minority groups are slowing down, getting smaller
d. There are 59 federally recognized Indian tribes in the United States
B
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In the long run, firms in monopolistic competition have excess capacity
Indicate whether the statement is true or false
If the rate of interest increases, firms will most likely respond by
a. increasing investment. b. decreasing investment. c. not changing investment. d. increasing capital stock.
To achieve its target when the federal funds rate is above the target range, the Fed could:
A. increase the reserve requirement. B. sell bonds. C. buy bonds. D. increase the discount rate.
Recall the Application about the decrease in taxes on cigarettes in several Canadian provinces in 1994 to answer the following question(s). According to this Application, after the government deceased cigarette taxes in several Canadian provinces in 1994, the price of cigarettes in these provinces decreased by roughly ________ percent.
A. 8 B. 17 C. 50 D. 88