Autonomous consumption is always
A. positive.
B. zero.
C. negative.
A. positive.
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Everything else held constant, when output is ________ the natural rate level, wages will begin to ________, increasing short-run aggregate supply
A) above; fall B) above; rise C) below; fall D) below; rise
If the great majority of shocks to our system arise from unpredictable shocks to money demand, the preferred tactic of monetary policy is targeting
a. reserves. b. interest rates. c. M2. d. reserves plus currency.
Which of the following sellers is most able to perfectly price discriminate?
A) a college or university B) the post office C) a clothing store D) a grocery supermarket
Which of the following is true of entrepreneurs? They
A) Generally work fewer hours per week than wage and salary employees. B) All of the above. C) Are adept at discovering profitable opportunities that are often overlooked by others. D) Have low saving rates and excessive debt.