Long-run economic growth (meaning the economy's average annual rate of growth over an extended period is greater than zero) is depicted by a(n)
a. horizontal trend line
b. downward-sloping trend line
c. fluctuating trend line (which fluctuates around the average)
d. upward-sloping trend line
e. vertical trend line
D
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In many cities in the United States, a single firm provides electricity. Those firms are:
A. oligopolists. B. monopolists. C. monopolistic competitors. D. perfect competitors.
Which of the following provisions of the Affordable Care Act will work to keep high-risk and low-risk people in the same health insurance pool?
A) the employer mandate provision B) the individual mandate provision C) the stipulation that people with preexisting conditions cannot be denied health insurance D) all of the above
When the economy moves into recession, some companies lay off workers. Those unemployed workers are experiencing cyclical unemployment
a. True b. False Indicate whether the statement is true or false
Which of the following institutions within the Federal Reserve System determines how many government securities the Fed should buy or sell on a given day?
A. the Federal Reserve Bank of Chicago's Board of Trade B. the Federal Reserve Bank of New York's Trading Desk C. Federal Advisory Committee D. the Board of Governors