As the price level ________, the purchasing power of money ________.
A. increases; increases
B. increases; decreases
C. decreases; decreases
D. decreases; stays the same
Answer: B
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The legislation passed in 1946 that requires governmental institutions to promote "maximum employment, production, and purchasing power" is called:
A) Full Employment and Balanced Growth Act. B) Federal Reserve Act. C) Employment Act. D) Unemployment Act.
In the U.S., the employment ratio is highest among ________, and lowest among ________
A) women; both sexes combined B) men; college-educated workers C) women; men D) men; women
The value of the marginal product of a resource is equal to:
a. the marginal revenue of the firm, if the product market is perfectly competitive. b. the market price of the product divided by the price of the resource. c. the market price of the product divided by the marginal product of the resource. d. the marginal revenue product of the resource, if the product market is perfectly competitive. e. the marginal product of the resource divided by the price of the resource.
Recent research by Fed researchers put the natural rate of interest at:
A. five percent. B. two percent. C. negative one percent. D. close to 0 percent.