Firms attempt to create a consumer perception of product differentiation through
i. packaging.
ii. marketing.
iii. advertising.
A) i only
B) ii only
C) ii and iii
D) i and iii
E) i, ii, and iii
E
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
The Federal Reserve responded to the 2008 financial crisis in several ways. Which of the following is one of the ways the Fed responded?
A) The Fed helped Citibank to acquire General Motors and Chrysler. B) The Fed lowered the required reserve ratio on demand deposit accounts in order to increase the amount of bank reserves. C) The Fed banned investment banks from obtaining discount loans. D) The Fed lent investment banks Treasury securities in exchange for mortgage-backed securities.
Which of the following individuals would not be included in the labor force?
A. Kit, who has retired and is not looking for work. B. Divy, who is on temporary layoff from General Motors. C. Soraya, a recent college graduate, who does not have a job, but has applied for several in the last week. D. Giles, a physician who chooses to work part-time.
Suppose the following situation exists for an economy: Kt+1/N = Kt/N. Given this information, we know with certainty that
A) the economy is operating at the golden rule equilibrium in period t. B) saving per worker is less than depreciation per worker in period t. C) saving per worker is greater than depreciation per worker in period t. D) investment per worker equals depreciation per worker in period t.