If aggregate quantity supplied exceeds aggregate quantity demanded, we can expect an unplanned
a. depletion of inventories, causing firms to raise prices.
b. depletion of inventories, causing firms to lower prices.
c. accumulation of inventories, causing firms to raise prices.
d. accumulation of inventories, causing firms to lower prices.
d
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The factor distribution of income:
A. shows how much income people get from labor compared to land and capital. B. refers to the pattern of income that people derive from different factors of production. C. hasn't changed substantially in the last century in the United States. D. All of these statements are true.
Prior to 2008, the primary tool used by the Fed to control the money supply was
a. the manipulation of the required reserve ratio banks must hold against their checking deposits. b. the extension of loans to financial institutions. c. the buying and selling of stocks and corporate bonds. d. the buying and selling of U.S. Treasury securities.
The original Phillips curve suggests a(n) __________ relationship between the rate of change in __________ and the __________
A) direct; prices; unemployment rate B) inverse; money wage rates; unemployment rate C) inverse; prices; unemployment D) direct; money wage rates; money supply E) inverse; money wage rates; money supply
The investment you made in a mutual fund one year ago lost 50% of its value over the past year. What percentage increase is needed in the fund to restore your portfolio to the level it was one year ago?
What will be an ideal response?