A study discussed in the Making the Connection feature in the text found that there is ________ that some consumers are not well aware of prices, even for goods they buy regularly
A) substantial evidence B) no evidence
C) little evidence D) no reason to believe
A
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Keynes argued that when interest rates were high relative to some normal value, people would expect bond prices to ________, so the quantity of money demanded would ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
The term full employment implies an unemployment rate of:
a. zero b. approximately 5% c. approximately 10% d. 100%
A sizable appreciation of the U.S. dollar in the mid-1980s
a. raised U.S. exports and imports. b. raised U.S. exports and reduced imports. c. reduced U.S. exports and imports. d. reduced U.S. exports and raised imports.
Gabriela, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top ten universities in her field. The type of unemployment she is experiencing is
a. frictional b. structural c. seasonal d. cyclical e. underemployment