Which specific government agency monitors unemployment?
A) Bureau of Labor Statistics B) Executive Branch
C) State Department D) Commerce Department
A
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A change in the public's desire to hold money will
A) shift the IS curve. B) change the slope of the IS curve. C) shift the LM curve. D) change the slope and position of the LM curve.
In Figure 1 below if the economy were at Y1 then we would expect there to be:
A. an increase in production since PAE < actual output.
B. an increase in production since PAE > actual output.
C. no change in production since PAE = actual output.
D. a decrease in production since PAE > actual output.
"Second-hand" smoke is an often cited disadvantage of allowing smoking in restaurants. In economics, "second-hand" smoke is referred to as a(n)
A) capital good. B) externality. C) economic cost. D) negative investment.
Which of the following statements is true?
A. The smaller a nation's marginal propensity to save, the smaller the open-economy multiplier. B. The smaller a nation's marginal propensity to export, the larger the open-economy multiplier. C. The larger a nation's marginal propensity to import, the larger the open-economy multiplier. D. The larger a nation's marginal propensity to consume, the larger the open-economy multiplier.