In a December 2007 New York Times column Paul Krugman argued in favor of
a. protectionism based on the national-security argument.
b. protectionism based on the infant-industry argument.
c. protectionism based on the unfair-competition argument.
d. keeping world markets relatively open.
d
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According to the Congressional Budget Office, from the 1970s to the 2000s, the natural rate of unemployment in the United States:
A. remained relatively stable. B. increased. C. fell. D. fell to zero, and has since become negative.
Darren loves to go to the movies, and he just learned that he can buy a ticket at a discounted price using his student ID. Darren now attends movies even more often. Which of the following factors of demand caused the change in Darren's behavior?
A. Income B. Price C. Preferences D. Number of buyers
A bank's "required reserves" are:
a. held as deposits with the Federal Reserve System. b. equal to its checkable deposits. c. equal to its transactions deposits. d. none of these.
A sudden increase in confidence by the business community could best be represented by
A. An aggregate expenditure curve shifting downward. B. An aggregate expenditure curve shifting upward. C. The AS curve shifting downward. D. The consumption curve shifting downward.