In high inflation countries, inflation rates can exceed the rate of growth of money because:
A. money loses value quickly with inflation.
B. high inflation increases the velocity of money.
C. high rates of inflation increase the opportunity cost of holding money.
D. all of the answers given are correct.
Answer: D
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Which statement is true?
A. On the production possibilities frontier, unemployment is zero percent. B. On the production possibilities frontier, 85 percent of the labor force is employed. C. To get out of a recession, we must move to some point closer to the production possibilities frontier. D. To have economic growth, we must have zero unemployment.
Which of the following granted collective bargaining rights to Federal government workers?
A. The National Industrial Recovery Act B. The Norris-LaGuardia Act C. The Taft-Hartley Act D. An executive order of President Kennedy
Which of the following best describes a flow rather than a stock? a. You own $5,000 worth of government bonds. b. You own a $100,000 house
c. You own a coin collection valued at $10,000. d. You earn $500 per week. e. You own a $45,000 automobile.
Which statement is true?
A. There are currently about 35 million labor union members in the U.S. labor force. B. About one out of every four sets of collective bargaining sessions ends in a strike. C. Union membership as a percentage of the labor force has been declining since the 1950s. D. None of the statements are true.