It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation.
B. credentialism.
C. cretinism.
D. diplomacy.
Answer: B
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Assume that targeted inflation is 1 percent. According to the Taylor rule, the federal funds rate is:
a. equal to 2 percent if inflation and output are at their target level. b. equal to 6 percent if inflation is 3 percent, output is at its target level and the Fed's targeted federal funds rate is 2 percent. c. equal to 4 percent if inflation is 2 percent , output is 2 percent above its target level and the Fed's targeted federal funds rate is 2 percent. d. none of the above are correct.
Which of the following would lead to an upward movement along the aggregate demand curve?
a. An increase in government purchases b. An increase in the money supply c. An increase in the price level d. A decrease in the money supply e. An increase in taxes
The demands of World War II caused our AD curve to shift to the
a. left and our AS curve to shift to the left b. left and our AS curve to shift to the right c. right and our AS curve to shift to the left d. right and our AS curve to shift to the right e. right, leaving our AS curve unchanged
Measuring unemployment is the job of the
a. Congressional Budget Office. b. Department of Commerce. c. Council of Economic Advisers. d. Bureau of Labor Statistics.