One possible reason the U.S. income distribution has become more unequal is
A) information technology has decreased the demand for unskilled labor.
B) information technology has increased the demand for unskilled labor.
C) information technology has increased the supply of unskilled labor.
D) information technology has decreased the supply of unskilled labor.
A
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Suppose the government of New Country fixes the exchange rate of its currency, the Newo, in terms of the U.S. dollar. Initially the exchange rate is set at $0.50 per Newo. In a crisis, the government changes the exchange rate to $0.25 per Newo. This is an example of a(n):
A. appreciation B. devaluation C. revaluation D. depreciation
Insecure property rights induce owners of productive assets to
A) discount expected income from their ownership at a very low rate. B) place a higher value on those assets if they want to sell them. C) use those assets more cautiously to reduce depreciation. D) do all of the above. E) do none of the above.
In the upward-sloping segment of the aggregate supply curve,
a. when GDP increases, the price level rises. b. when GDP increases, the price level does not change. c. when GDP decreases, the price level rises. d. when GDP increases, the price level falls. e. there is no relationship between changes in GDP and changes in the price level.
The government banking regulation that places an upper limit on the money supply is
a. deposit insurance by the FDIC. b. reserve requirements on bank deposits. c. periodic bank examinations and audits. d. limitations on the types of assets that a bank may own.