Members of the Board of Governors of the Federal Reserve System are appointed for life
a. True
b. False
Indicate whether the statement is true or false
False
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Full employment describes the condition in which
a. 100 percent of the civilian labor force is employed. b. 95 to 96 percent of the civilian labor force is employed. c. there is no frictional unemployment. d. unemployment is 10 percent or less.
During the period of industrialization in the U.S., real income in the agricultural sector fell
Indicate whether the statement is true or false
The demand curve shows the relationship between quantity demanded and
A) income. B) price. C) supply. D) quantity supplied.
In constructing a demand curve for product X:
A. consumer preferences are allowed to vary. B. the prices of other goods are assumed constant. C. money incomes are allowed to vary. D. the supply curve of product X is assumed constant.