About how much of the tax is paid by cigarette sellers?
A. 2 cents
B. 8 cents
C. 10 cents
D. 18 cents
A. 2 cents
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According to the text, the growth of service sector employment in the US has contributed to
a. higher unemployment rates in the postwar period. b. a slowdown in the growth of real wages during the postwar period. c. reduced economic stability in the postwar period. d. an increase in the power and membership of unions. e. All of the above.
In the period of 1979 to 1982, if the Fed had set an interest rate target that was equal to the actual market interest rates that occurred, the:
A. target would have been a federal funds rate of zero percent. B. economy would have been better off. C. target would not have been politically acceptable. D. inflation rate would have risen further.
Major macroeconomic questions include all of the following EXCEPT:
A. What are the causes of unemployment? B. What causes economic growth? C. What causes differences in wages between men and women? D. Why does inflation vary over time and across countries?
Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original supply curve to the new supply curve?
A. A news report that coffee consumption increases longevity B. An increase in the price of tea C. A new technology that reduces amount of coffee beans needed to make a good cup of coffee D. A storm that wipes out a large part of the coffee crop