If you look for a job for eighteen months after graduation, but fail to generate an offer, even after lowering your expectations, the economy is probably in the business cycle phase called a:
a. recession.
b. peak.
c. boom.
d. recovery.
e. trough.
a
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In the above figure, flow B represents ________
A) household purchases of goods and services B) household borrowing C) household income D) firms' payments for labor services
If American consumers decided to boycott grapes to protest working conditions of farm workers, everything else being equal, the: a. price of grapes will rise
b. supply of grapes will fall. c. quantity of grapes supplied will fall. d. demand curve for grapes shifts to the right.
Which of the following actions of the Fed will increase money supply in the U.S. directly?
a. Purchase U.S. government bonds b. Increase the federal funds rate c. Increase the reserve requirement d. Increase the discount rate e. Ban sales of private mutual funds
A good that is rival in consumption and not excludable is called a
a. public good. b. common resource. c. club good. d. private good.