Okun's law relates ________ to ________.
A. inflation; unemployment
B. output; employment
C. output; unemployment
D. inflation; output
Answer: C
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The idea of convergence is that
a. Poor and rich economies will converge on middle-income status. b. Capitalist and Socialist systems will become more alike. c. Poor countries will grow faster than rich ones, but may level off before becoming rich. d. Agricultural technologies will come to resemble industrial technologies. e. None of the above.
A budget line is the locus of all points representing every input combination of inputs that the producer can afford to buy with a given amount of money and given input prices
a. True b. False Indicate whether the statement is true or false
Which of the following is a financial intermediary that serves as a bridge between savers and borrowers in the loanable funds market model?
a) Mutual funds b) Corporations c) Government d) Stock market
If the Federal Reserve wished to engage in contractionary monetary policy, it could
A. increase the primary credit rate. B. increase the reserve ratio. C. sell government debt. D. all of the above.