Assets that are able to be moved relatively quickly are known as
a. liquid assets
b. hard assets
c. corporate assets
d. marketable securities
e. none of these
a. liquid assets
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After the Arab oil embargoes, there was concern about the impact of higher gas prices on the low-income worker. The government imposed price controls on oil to protect the poor from this situation. Explain the inefficiency of this price ceiling and how taxes, rather than prices, could be used to solve the problem
A long-term mismatch between the skills of some workers and the jobs available is a principal cause of ________ unemployment.
A. structural B. cyclical C. frictional D. global
When actual inflation is greater than expected inflation
A) the natural rate of unemployment rises, according to Phillips-curve analysis. B) cyclical unemployment rises, according to Phillips-curve analysis. C) there are transfers from borrowers to lenders. D) there are transfers from lenders to borrowers.
Which of the following is correct with regard to the supply of money?
a. The money supply is inversely related to the interest rate. b. The money supply is independent of the interest rate. c. The money supply is positively related to the interest rate with a relatively flat slope. d. The money supply curve is horizontal. e. The money supply is positively related to the interest rate with a relatively steep slope.