An example of barter is voluntary work at an old-age home
a. True
b. False
Indicate whether the statement is true or false
False
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If the college athletic department raises the price of football tickets from $6 to $8 and sells more tickets at $8 than it had sold the year before at $6, we could reasonably conclude the demand for football tickets
A) was completely inelastic. B) had increased. C) was elastic. D) was inelastic. E) was unit elastic.
When the Fed lends to depository institutions, the loans are called
A) federal funds. B) discount loans. C) repurchase agreements. D) reverse repurchase agreements.
To tell a compelling story, an economist relies on
a. case studies b. anecdotes c. irrelevant data d. anecdotes and irrelevant data e. case studies and anecdotes
Which of the following are policies that can affect natural unemployment?
a. adjust interest rates b. provide welfare assistance c. adjust availability of money and loans d. increase aggregate demand