Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
a. tendency towards higher unemployment
b. tendency towards higher inflation
c. usurping authority which should be allocated to Congress
d. determining which banks would be allowed to fail
a
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When poverty is defined by an relative real income level, what will happen to the poverty rate if the distribution of income is not perfectly equal?
A) The poverty rate will increase forever. B) The poverty rate will eventually be zero. C) The poverty rate will always remain constant. D) The poverty rate will change, but always exist.
A decrease in consumer incomes will:
a. decrease the demand for an inferior good. b. decrease the supply of an inferior good. c. increase the demand for a normal good. d. do none of the above
The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product
A) equals B) is greater than C) is less than D) is sometimes greater than and other times less than
The Law of Supply indicates that
A. there is a positive relationship between quantity demanded and quantity supplied. B. there is a negative relationship between quantity demanded and quantity supplied. C. there is a positive relationship between quantity supplied and price. D. there is a negative relationship between quantity supplied and price.