For how many years does a Federal Reserve governor serve on a term?
a. 7
b. 10
c. 12
d. 14
d. 14
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In the figure above, ceteris paribus, an increase in x is associated with
A) an increase in y. B) a decrease in y. C) an increase in z. D) a random change in z. E) no change in either y or z.
Which of the following is NOT a characteristic of the demand curve faced by a firm in a monopolistically competitive market?
A) The demand curve is downward sloping. B) The slope of the demand curve is negative. C) The firm will produce where the demand curve is inelastic. D) The firm will produce where the demand curve is elastic.
A decrease in federal income tax rates is an example of fiscal policy that affects GDP through consumption adjustments
a. True b. False Indicate whether the statement is true or false
If the president claims that more people are working now than ever before, then which of the following must be true?
a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever before. d. The number of people in the labor force is higher now than ever before. e. The number of people employed is higher now than ever before.