The following are all determinants of income differences examined in the text EXCEPT
A) age.
B) marginal productivity.
C) inheritance.
D) height.
D
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The Fed relies primarily on the discount rate to control the money supply
a. True b. False Indicate whether the statement is true or false
What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU) b. Natural rate of no-inflation unemployment (NRNIU) c. Non-accelerating-inflation rate of unemployment (NAIRU) d. Non-inflationary rate of low unemployment (NIRLU) e. Natural unaffected rate of inflationary unemployment (NURIU)
In the national income accounts, investment includes: a. expenditures on durable consumer goods. b. government construction of a new dam
c. additions to business inventories. d. purchases of used machinery by businesses.
When the price level rises less than expected, a firm with a sticky price will sell its output at a price that is
a) more than the firm desires and increase its production. b) more than the firm desires and decrease its production. c) less than the firm desires and increase its production. d) less than the firm desires and decrease its production.