Which of the following is an example of a land-intensive commodity?
A. Chemicals.
B. Autos.
C. Watches.
D. Wool.
D. Wool.
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
In reality, AD rarely ________; however, the economy performs as though it does when it ________
A) decreases; fluctuates with potential GDP B) increases; decreases at a pace much slower than potential GDP C) stagnates; increases at a pace much faster than potential GDP D) decreases; increases at a pace much slower than potential GDP E) decreases; increases at a pace much faster than potential GDP
You deposit a $1,000 scholarship check in the bank. If the required reserve ratio is 10 percent, explain how the banking system will create new money and how much money can potentially be created
Recall the Application about the impact of disability insurance benefits on the labor force participation rate to answer the following question(s).From the Application, which of the following federal programs provide income protection to individuals with disabilities?
A. Social Security Disability Insurance (SSDI) B. Supplemental Security Income (SSI) C. Medicare D. Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)