Manufacturing, employment, monetary, and consumer expectations statistics are examples of lagging indicators
Indicate whether the statement is true or false
FALSE
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Refer to the figure above. When the demand curve for flash drives is D and the supply curve of flash drives is S1, what is the shortage in the market if the price is $4?
A) 0 units B) 10 units C) 20 units D) 40 units
Suppose that the economy is currently at full employment. All other things being equal, if the government implements expansionary fiscal policy, then the appropriate monetary policy is
A. no change from the current policy. B. reduce the growth of the money supply. C. constant growth of the money supply. D. increase the growth of the money supply.
If sellers expect higher basket prices in the near future, the current
a. supply of baskets will increase. b. supply of baskets will decrease. c. supply of baskets will be unaffected. d. demand for baskets will decrease.
The world's number one economic power, in terms of total output, is
A. the United States. B. Germany. C. China. D. Japan.