The trade-off between unemployment and inflation is usually shown by the
a. supply curve and the demand curve.
b. aggregate expenditure curve.
c. production possibilities curve.
d. Phillips curve.
d. Phillips curve.
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Very few players are drafted into the NFL when they play at Division II or Division III schools whereas more players are drafted in the MLB from these schools. What can explain this?
A) Attending a Division II or Division III school sends a stronger signal of future and present quality in the NFL. B) Attending a Division II or Division III school sends a weaker signal of future and present quality in the MLB. C) A signal of future and present quality is more important in the MLB than in the NFL. D) Attending a particular school is like a screening test for life insurance.
The riskier the bond, the ________ the discount rate and the ________ the price of the bond.
A) lower; lower B) lower; higher C) higher; lower D) higher; higher
Why doesn't the government print money in order to solve its debt problems?
Which of the following combinations would unambiguously increase the supply of money? a. The Fed pays a higher interest rate on bank reserves and increases the required reserve ratio
b. The Fed conducts an open market purchase of government securities and raises the discount rate. c. The Fed pays a higher interest rate on bank reserves and conducts an open market purchase of government securities. d. All of the above would produce conflicting effects on the supply of money