If prices are sticky
A) prices will quickly adjust to changes in demand.
B) economic activity will not be coordinated efficiently.
C) quantity supplied will always equal quantity demand.
D) economic activity will be coordinated efficiently.
B
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The state governments in the U.S. spend a large percentage of their funds on ________
A) public welfare B) social security C) national defense D) income security
Although most large firms in the United States offer their employees health insurance, fewer than two-thirds accept it
Indicate whether the statement is true or false
The reason that supply and demand tend to be more price elastic over longer time periods is because
A) it takes time for households and businesses to adjust to price changes. B) some goods have longer shelf life and are reordered less often. C) firms incur costs in changing the price of goods on their shelves. D) the feedback loop from buyers to sellers takes time.
Monetary policy refers to the government's
A) decisions on how much money to spend. B) decisions on how much money to collect in taxes. C) plans for retiring the national debt. D) management of the money supply and interest rates to achieve macroeconomic objectives.