Considering open market operations, which of the following observations is incorrect?
a. it can be implemented quickly and cheaply
b. it can be done quietly without a lot of political debate
c. it is potentially the most powerful tool to control the supply of money.
d. it is the most important method now used to control the supply of money.
c
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What caused a major economic shock in August 2007?
A) U.S. mortgage market B) war in Iraq C) U.S. bond market D) technology stocks E) misreporting from Asian markets
In 1964, the poverty line for a family stood at about which of the following figures?
a. $2,100 b. $3,000 c. $4,500 d. $7,500
Refer to the accompanying figure. Assume the market is originally at point W. Movement to point Z is a combination of:
A. an increase in supply and an increase in quantity demanded. B. an increase in supply and an increase in demand. C. a decrease in supply and an increase in quantity demanded. D. an increase in demand and an increase in quantity supplied.
Someone unemployed for a long period of time due to technological change would be described as structurally unemployed.
Answer the following statement true (T) or false (F)