In terms of market failure, underallocation means the economy ______.
a. is controlled by a single-seller
b. is controlled by the government
c. has produced too little
d. has produced too much
c. has produced too little
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The first step in measuring the CPI is to
A) select the market basket. B) conduct a monthly survey. C) collect prices for the basket of goods and services. D) interview businesses.
The deviation of unemployment from its natural rate is called
a. the normal rate of unemployment. b. deviant unemployment. c. cyclical unemployment. d. fluctuating unemployment.
If the reserve ratio increased from 5 percent to 10 percent, then the money multiplier would a. rise from 5 to 10
b. rise from 10 to 20. c. fall from 20 to 10. d. fall from 10 to 5.
The "Cross of Gold" speech was:
A. against the gold standard and was given in 1896. B. in favor of the gold standard and was given in 2008. C. in favor of the gold standard and was given in 1896. D. against the gold standard and was given in 2008.