A free-rider is someone who receives the benefit of a good but avoids paying for it
a. True
b. False
Indicate whether the statement is true or false
True
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The model of purchasing power parity is the only way to determine whether a country's currency is undervalued or overvalued
Indicate whether the statement is true or false
An open market purchase of T-bonds by the Fed causes the money supply to
a. fall and bond prices to fall. b. rise and bond prices to fall. c. rise and bond prices to rise. d. fall and bond prices to rise.
In the mid 90's, over _____% of all black families are headed by women.
A. 30 B. 45 C. 60 D. 75
Much of macroeconomics attempts to explain
a. changes in the price of oil and gasoline. b. long-run growth and short-run fluctuations in real GDP. c. changes in the growth rate of state government spending. d. changes in the prices and quantities of individual goods and services.