Refer to Figure 13-2. Ceteris paribus, an increase in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A
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A fiduciary monetary system ultimately rests on
A) the value of the assets backing up the system. B) the public's confidence in the system. C) the difficulty of counterfeiting the currency. D) the value of the metal backing up the system.
Banks can continue to make loans until their
A) actual reserves equal their excess reserves. B) excess reserves equal their required reserves. C) actual reserves equal their required reserves. D) actual reserves equal their checking account balances.
According to recent research by Golden and Katz, __________ led the way in establishing high schools in the 1920s
a. the urban centers of the North b. the mid-Atlantic states c. California d. the Middle West, including Iowa and Nebraska
A key innovation of the Carter administration (1976-1980) was
a. dramatic expansion of Social Security and Medicare programs. b. large tax cuts, especially for the wealthy. c. deregulation of airlines, trucking, railroads and the financial services industry. d. government control of gasoline and food prices.