If getting people off welfare could be described as a carrot-and-stick approach, it would be fair to say that
A. liberals and conservatives both favor the stick.
B. liberals and conservatives both favor the carrot.
C. liberals favor the carrot and conservatives favor the stick.
D. liberals favor the stick and conservatives favor the carrot.
C. liberals favor the carrot and conservatives favor the stick.
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Which of the following is an example of a worker experiencing frictional unemployment?
A) A computer programmer loses her job because it is outsourced to India. B) An employee is laid off because the economy is suffering a recession. C) A worker quits his job at the Post Office to find more interesting work. D) A United Airlines pilot loses her job because of lack of demand for air travel.
If the German interest rate is 4% and the U.S. interest rate is 5%, what is the expected change in the value of the dollar in terms of the euro?
A) 1% B) -1% C) 9% D) -9%
When demand is inelastic, an increase in price leads to:
A an undetermined change in expenditures. B a decrease in total expenditures. C no change in total expenditures. D an increase in total expenditures.
In 2007 and 2008 households and firms reduced desired expenditures. During the same period inflation fell and unemployment rose
a. The change in inflation, but not the change in unemployment is consistent with what a given short-run Phillips curve implies. b. The change in unemployment, but not the change in inflation is consistent with what a given short-run Phillips curve implies. c. Both the change in inflation and the change in unemployment are consistent with what a given short-run Phillips curve implies. d. Neither the change in inflation nor the change in unemployment are consistent with what a given short-run Phillips curve implies.