Peter is looking at a graph that shows the relation between inflation and unemployment. It measures the rate of inflation along the y-axis and the rate of unemployment along the x-axis. Peter believes that the graph shown to him is a short-run Phillips curve. Which of the following will strengthen his belief?
a. The points marked on the curves are (6, 4), (6, 3), and (6, 2).
b. The points marked on the curves are (5, 4), (6, 4), and (7, 4).
c. The points marked on the curves are (5, 4), (6, 3), and (7, 2).
d. The points marked on the curves are (5, 4), (6, 5), and (7, 6).
c
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10 and Jane's budget is $88. What is Jane's marginal utility per dollar spent on magazines at her consumer equilibrium?
A) 36 units B) 15 units C) 9 units D) 5 units
If I voluntarily end my employment, the Bureau of Labor Statistics would consider me to be
A) a job loser. B) a job leaver. C) a discouraged worker. D) a reentrant.
The official dating of recessions in the United States is the responsibility of the:
a. Bureau of Labor Statistics (BLS). b. Internal Revenue Service (IRS). c. Federal Reserve. d. Congress. e. National Bureau of Economic Research (NBER).
Well-being can be increased by:
A. increasing the availability of accurate information. B. technologies that help people share more and better information. C. policies that help people do business more efficiently. D. All of these are true.