Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A.
B. A to C.
C. C to D.
D. B to D.
Answer: B
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Which of the following will increase commercial bank reserves?
A. The purchase of government bonds in the open market by the Federal Reserve Banks. B. An increase in the discount rate. C. A decrease in the reserve requirement. D. An increase in the federal funds rate.
The money demand curve, against possible levels of interest rates, has a
A) negative slope. B) zero slope. C) positive slope. D) positive slope for low levels of money demand, and a negative slope for high levels of money demand.
Which of the following can be considered an injection into an economy?
a. Imports b. Investment c. Aid to foreign countries d. Saving e. Taxes
The crucial aspect of competition among firms that leads to the condition of zero profits in the long run is
A. the number of firms in the industry is fixed. B. free entry and exit of firms in the industry. C. fixed costs equal zero. D. all costs are at their least cost level.