Which of the following groups of economies appear to have both a political consensus to hold inflation low and the economic tools to do so?
a. middle-income economies
b. high-income economies
c. low- and middle income economies
d. middle- and high-income economies
b. high-income economies
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A theory asserts that manufacturers are less willing to sell units of output as the price of a good decreases, ceteris paribus. However, as the price of computers fell throughout the 1990s, more computers were sold. Which of the following best explains the apparent conflict between theory and data? a. The theory must be invalid
b. The theory rests on assumptions that are too simplistic. c. It is likely that variables other than the price and quantity of computers sold were changing. d. All variables other than the price and quantity of computers sold were unchanged.
During the early years of the US industrial revolution, the US welcomed immigrants from abroad. How would immigration affect the production possibilities frontier?
a. turns a linear PPF into a convex PPF b. turns a convex PPF into a linear PPF c. no impact d. shift it in e. shift it out
Businesses can buy what kind of asset when they wish to invest in government securities and business debt?
a. a savings deposit b. a demand deposit c. a money market mutual fund d. a NOW account deposit e. a money market mutual deposit
U.S. Financial Crisis. Suppose that foreigners had reduced confidence in U.S. financial institutions and believed that privately issued U.S. bonds were more likely to be defaulted on.
a. rise which by itself would increase aggregate demand. b. rise which by itself would decrease aggregate demand. c. fall which by itself would increase aggregate demand.