Today, the number of commercial banks in the United States is about
a. 14,800.
b. 21,000.
c. 3,000.
d. 5,600.
d. 5,600.
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The long-run Phillips curve is a (an) _____________line at the natural rate of unemployment.
If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal
A) there will be a rightward shift in the labor supply curve. B) there will be a downward movement along the labor supply curve. C) there will be a leftward shift in the labor supply curve. D) there will be an upward movement along the labor supply curve.
An aggregate supply curve with a positive slope is associated with an economy in which: a. input prices and final goods prices always change by the same amount
b. firms expect output prices to be unaffected by changes in input prices. c. nominal wages and salaries do not change much in the short run. d. firms expect consumer demand to be unaffected by changes in prices of final goods.
When disposable income equals consumption expenditures, then
A. saving is zero. B. saving is greater than income. C. both saving and savings are zero. D. we can't tell what saving is without more information.