If interest rates have been increasing, adaptive expectations would predict
A) that interest rates will increase.
B) that interest rates will decrease.
C) that inflation rates will increase.
D) that inflation rates will decrease.
A
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The gold in Fort Knox backs all U.S. currency
Indicate whether the statement is true or false
Appreciation of the Japanese Yen would lead to
a. outward shift in the aggregate supply curve for Japan. b. upward shift in the aggregate demand curve for Japan. c. downward shift in the aggregate supply curve for Japan. d. downward shift in the aggregate demand curve for Japan.
The Taft-Hartley Act
A. encourages unions to engage in sympathy strikes. B. permits states to outlaw unions. C. permits states to pass right-to-work laws. D. encourages unions to engage in secondary boycotts.
A production possibilities curve always slopes downward to the right because resources
A. are not scarce. B. have no opportunity cost. C. are freely available. D. are limited. E. are not related to outputs.