What can the Federal Reserve do to increase the natural rate of unemployment?
A) nothing
B) follow contractionary monetary policy that will increase inflation
C) follow contractionary monetary policy that will reduce inflation
D) follow expansionary monetary policy that will increase inflation
A
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $5 and the wage rate is $37.50 per day, how many workers should Winnie employ to maximize his profit?
A) 2 B) 3 C) 4 D) 5
During which of the following years did the Fed fail to pursue a policy aimed at stabilizing the output ratio?
A) 1988 B) 1990 C) 1994 D) 1997
It is easy to sign contracts for gym membership, but if one rarely goes to the gym a gap exists between _______ and behavior
a. Resources b. Values (hope) c. Attitudes d. Ethics
According to the quantity theory of money, changes in the price level are primarily the result of changes in the:
A. quantity of money. B. unemployment rate. C. rate of spending. D. total output.