As the money wage rate increases,
A) potential GDP increases.
B) potential GDP decreases.
C) aggregate supply increases.
D) aggregate supply decreases.
E) aggregate supply and potential GDP do not change.
D
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According to your text, which group of scientists are completely free from biases?
A) Physicists B) Biologists C) Economists D) All of the above. E) None of the above.
Refer to Figure 18-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound
A) decreased; 2.00 B) increased; 2.17 C) decreased; 0.46 D) increased; 0.50
Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 6% to 2%, what was the initial rate of inflation in Svengali?
A) -1%. B) 1%. C) 1.25%. D) 9%.
Which statement holds true in the post-World War II era?
(a) There was a permanent increase in the percentage of working adult women with children. (b) Firms found it most profitable to treat women as individuals rather than groups. (c) Marriage bars returned. (d) Female participation in farming, common labor and craft work in the U.S. increased significantly.