Which of the following models emphasizes the importance of credible, predictable government policies for maintaining full employment with low inflation?
a. The monetarist model.
b. The Keynesian model.
c. The supply-side model.
d. The rational expectations model.
d
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Use the following table to answer the question below.Quantity DemandedPriceQuantity Supplied5$7966875784693510241113If demand decreased by 4 units at each price, what would the new equilibrium price and quantity be?
A. $6 and 8 units B. $5 and 7 units C. $3 and 5 units D. $4 and 6 units
People who are currently not working but are actively looking for work are officially classified as
A) employed and out of the labor force. B) unemployed and out of the labor force. C) employed and in the labor force. D) unemployed and in the labor force.
Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.
Which of the following is a shortcoming of GDP?
a. GDP measures nonmarket transactions. b. GDP includes an estimate of illegal transactions. c. GDP includes an estimate of the value of household services. d. None of these are true.