Which of the following would be most likely to cause a reduction in the supply of Nintendo video games?
a. a decrease in the price of Nintendo video games
b. a decrease in the price of computer chips used to make Nintendo games
c. an increase in the demand for Nintendo video games
d. an increase in the price of computer chips used to make Nintendo games
d
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People are willing to give up monetary rewards to promote fairness
a. True b. False Indicate whether the statement is true or false
Employee benefits mandated by the government make it
A. More difficult to achieve full employment with stable prices. B. Easier to achieve stable prices but more difficult to achieve full employment. C. Easier to achieve full employment with stable prices. D. Easier to achieve economic growth.
Because GDP does not account for improvements in the quality of goods, the GDP calculation:
A. tends to overstate the true value of output in the United States. B. tends to understate the true value of output in the United States. C. provides an accurate value of output in the United States. D. provides the best measure of output in the United States.
Open-market operations are easy for the Federal Reserve to conduct and are therefore the tool of monetary policy that the Federal Reserve uses most often.
Answer the following statement true (T) or false (F)