There are how many members of the Board of Governors in the Federal Reserve system?
A) 15
B) 12
C) 7
D) 4
E) none of the above
C
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In the long run, a firm can vary
A) its capital but not its labor. B) its labor but not its capital. C) both its labor and its capital. D) neither its labor nor its capital.
If aggregate demand decreases and neither short-run nor long-run aggregate supply changes, then
A) the price level increases in the short-run and decreases in the long run. B) there is an inflationary gap. C) there is a recessionary gap. D) in the long run, the long-run aggregate supply will decrease.
Due to society's overall scarcity of resources,
a. only households are constrained by income b. only government agencies are constrained by limited budgets c. only business firms are constrained by the cost of buying their inputs d. households, business firms and government agencies all face constraints e. households and business firms face constraints, but government agencies do not
If women are prohibited or discouraged from attending school but men are allowed to attend, this is an example of
A. A gender gap. B. A redistribution of capital. C. An inequality trap. D. A human capital gap.