When the strong enforce rules possibly based on arbitrary decisions, it is called the:

A. rule of force
B. rule of one
C. rule of man
D. rule of law


Answer: A

Economics

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Who among the following is NOT frictionally unemployed?

A) Andrew, a teenager who has just entered the labor market looking for his first part-time job B) Barbara, who is re-entering the labor market after a divorce C) Charles, who was laid off from his factory job but expects to be recalled in a few weeks D) Diana, who has quit her job and is now looking for another

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A decrease in the price level causes a ________ the IS curve and a ________ the aggregate demand curve

A) movement up along; movement up along B) shift to the right of; movement up along C) movement down along; movement down along D) shift to the left of; movement down along

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According to the law of diminishing returns

a. Production increases at a decreasing rate b. Production increases at a increasing rate c. Production decreases at a decreasing rate d. Production decreases at an increasing rate

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If the actual money multiplier equals the potential money multiplier, and if the Fed wishes to reduce the money supply by $1 million when the reserve ratio is 10 percent, then the Fed should

A. buy $100,000 of government securities. B. sell $10,000 of government securities. C. sell $100,000 of government securities. D. buy $10,000 of government securities.

Economics