When an individual quits his job and decides to look for a new job immediately, the labor-force participation rate
A. stays the same.
B. increases.
C. decreases.
D. may increase or decrease, depending on the length of time he/she stays at home.
Answer: A
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When inflation is high and unexpected,
A) borrowers of money lose and lenders win. B) borrowers of money win and lenders lose. C) both borrowers and lenders of money win. D) both borrowers and lenders of money lose.
How does the increasing use of digital cameras affect the market for traditional camera film?
A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the left. C) The quantity of traditional camera film demanded increases. D) The demand curve for traditional camera film shifts to the right.
Leverage is best defined as:
A. low interest rates at the beginning of the term of a loan that later rise. B. using friends inside the banking industry to secure loans. C. the ability of people without income to secure mortgages. D. the practice of buying an asset with borrowed money.
If planned investment decreases as the interest rate increases, the size of the government spending multiplier will be
A) zero. B) larger than the government spending multiplier that would result if planned investment were independent of the interest rate. C) the same as the government spending multiplier that would result if planned, investment were independent of the interest rate. D) smaller than the government spending multiplier that would result if planned investment were independent of the interest rate