Inflation increases the use of money as a store of value
a. True
b. False
Indicate whether the statement is true or false
False
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The additional utility that George receives from consuming one more slice of pizza is called
A) diminishing utility. B) total utility. C) average utility. D) marginal utility.
When comparisons are made between the earnings of whites and minorities with the same age, quantity of schooling, marital status, sector of employment, union and industry status, regional location, and annual hours worked, recent studies indicate that
a. the corrected earnings of minority men are about two-thirds the earnings of white men. b. earnings differentials between whites and minorities are due almost exclusively to employment discrimination. c. the corrected earnings of Mexican-Americans, Asian-Americans, and American Indians were between 7 and 9 percent less than the earnings of similar white men. d. most minority men now have higher earnings than white men.
You notice that the price of butter rises and then falls. The best explanation for this is that:
A. demand for butter increased causing price to rise, which attracted other firms to enter the market causing supply to increase, which caused the price to go back down. B. demand for butter decreased causing price to rise, which attracted other firms to enter the market causing supply to increase, which caused the price to go back down. C. demand for butter increased causing price to rise, which induced other firms to exit the market causing supply to decrease, which caused the price to go back down. D. demand for butter increased causing price to rise, which attracted other firms to enter the market causing supply to decrease, which caused the price to go back down.
What would the federal reserve do when it wants to increase the supply of loanable funds?
a. sell gov't securities b. increase the reserve requirement c. increase the discount rate d. decrease the reserve requirement