With unstable money demand and thus an unstable ________ curve, fluctuations in output are ________ by the fortuitous selection of ________ targeting
A) LM, minimized, money supply
B) LM, eliminated, interest rate
C) LM, minimized, interest rate
D) IS, minimized, money supply
E) IS, eliminated, interest rate
B
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Market-oriented solutions to externalities rarely work.
A. True B. False C. Uncertain
You operate a shop that repairs TVs and VCRs. The going wage rate in a competitive market for skilled repair people is $18 per hour. Given the current demand for your services, the marginal revenue product of your repair people is $28 per hour. If you were to employ one more hour of a repair person's services you would
A. increase your profit by $28. B. increase your profit by $18. C. increase your profit by $10. D. not increase your profit at all.
When we are at full employment
A. the unemployment rate is 0. B. the cyclical unemployment rate is 0. C. the structural unemployment rate is 0. D. the frictional unemployment rate is 0.
The best way to make healthy food choices is to shop:
A. when you are hungry. B. using gut feelings. C. when your glucose levels are low. D. when your brain is fully fueled.