A major goal of federal government policy is to eliminate frictional unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following may NOT serve as a possible chain reaction for either fiscal or monetary policy?
A) G? ? Y? ? C? ? Y? ? C?.... B) T? ? Y? ? C? ? Y? ? C?.... C) M? ? i? ? I? ? Y? ? C?.... D) M? ? i? ? I? ? Y? ? C?.... E) M? ? i? ? I? ? Y? ? C?....
The short-run aggregate supply curve is upward-sloping because: a. the quantity of real output supplied is inversely related to aggregate supply
b. nominal incomes are fixed. c. of the conjunction between the incremental capital-output ratio and the interbank offer rate. d. an increase in price will increase the supply of money.
Programs that require people to pay into a common pool and are in turn eligible to draw on benefits under certain circumstances are called:
A. equitable payment programs. B. social insurance programs. C. common insurance programs. D. social benefit programs.
The social costs of hyperinflation include i) decreases in purchasing power ii) borrowing and lending may cease iii) the value of savings will diminish.
A. i only. B. ii only. C. i, ii, and iii only. D. i and ii only.