Efforts to fine-tune the economy have been used for several decades, and since then
A. Employment goals have been met, but price stability has not been attained.
B. We still experience periods of recession, high unemployment, and inflation.
C. We have successfully achieved our major economic goals at all times.
D. Price stability goals have been met, but full employment has not been attained.
Answer: B
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Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates
A) an increase to the U-3 unemployment rate. B) a decrease to the U-3 unemployment rate. C) no change to the U-3 unemployment rate. D) a decrease in the labor force participation rate.
Regarding U.S. antitrust activity, the rule of reason was expressed in the
a. Standard Oil case. b. Robinson-Patman Act. c. Clayton Act. d. ALCOA case.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.
Which of the following would not cause the market supply of cell phones to change?
A. Taxes levied on cell phone production are reduced. B. Telecommunications are deregulated, and anyone who wants to can produce and sell cell phones. C. A reduction in the demand for cell phones causes the price to fall. D. A cheaper technology for producing plastics used in producing cell phones is developed.