Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation.
B. low economic growth and high inflation.
C. high economic growth and low inflation.
D. low economic growth and low inflation.
Answer: B
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Millionaires tend to be older than the general population because
a. older workers generally have more education than younger workers. b. many achieve millionaire status by saving from a relatively modest income, and this will take a lengthy period of time. c. the earnings of most people peak during the retirement phase of life. d. older people have less to do, and therefore, they have more time to come up with innovative ideas.
The decrease in investment that occurred as a result of banks being unwilling to lend to businesses after the collapse of the housing bubble caused aggregate:
A. supply to increase. B. demand to increase. C. supply to decrease. D. demand to decrease.
Real wages have fallen since 1973 for all the following reasons except
A. millions of high paying manufacturing jobs have migrated to low wage countries. B. the slowing down of productivity growth. C. the switch from high paying manufacturing jobs to lower paying service sector jobs. D. All of these choices are reasons.
The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: 
Given the above information, the parameter estimate of a indicates
A. when X is zero, Y is 5.09. B. when Y is zero, X is 8.03. C. when Y is zero, X is -21.36. D. when X is zero, Y is 15.48.