Most of the total income earned in the U.S. economy is ultimately paid to
a. households in the form of wages and fringe benefits.
b. landowners in the form of rent.
c. landowners in the form of interest.
d. landowners in the form of profit.
a
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In order to change the money supply, the Fed might use which of the following tools?
A. Dual mandate B. Reserve requirement C. Fiscal policy D. Deficit spending
For the United States, what is the transactions approach to measuring money?
What will be an ideal response?
The full-employment rate of unemployment is also called the:
A. Potential rate of unemployment B. Cyclical rate of unemployment C. Frictional rate of unemployment D. Natural rate of unemployment
Which of the following would not occur if all large firms in the economy were broken into smaller firms?
A. Decreased manufacturing efficiency in some industries B. Increased competition in all industries C. Decreased investment in research and development in some industries D. Increased prices for some manufactured goods