Mandated on-the-job training is seen in the United States mainly as a(n)
a. useful spur to economic growth.
b. proper use of legislative power.
c. unwarranted governmental interference.
d. necessary requirement for increased productivity.
c
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The largest share of the typical American family budget goes to
A. goods. B. health care. C. housing. D. transportation
Economics is the study of
a. how to make money. b. choices in a world of scarcity. c. how to distribute unlimited production among limited wants. d. All of the above.
Looking at the globalized AS/AD model, the economy can exceed potential output, without generating accelerating goods inflation, because:
A. the domestic price level always exceeds the world price level. B. the world price level always exceeds the domestic price level. C. the world price level puts a cap on the domestic price level. D. the LRAS curve is no longer vertical.
The federal funds rate is the interest rate
a. the Federal Reserve charges for loans it makes to the federal government. b. the Federal Reserve charges banks for short-term loans. c. banks charge each other for short-term loans of reserves. d. on newly issued one-year Treasury bonds.