In the study conducted by Miles Corak, which of the following countries had the weakest relationship between parental and child income?
A. France
B. Denmark
C. United Kingdom
D. United States
Answer: B
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If you put a $20 bill in the pocket of your winter coat at the beginning of spring so that you will be surprised when you find it again next winter, you are using money as:
A. bank reserves. B. a medium of exchange. C. a store of value. D. a unit of account.
The long-run Phillips curve represents the relationship between the inflation rate and the unemployment rate when there is no ________ unemployment
A) cyclical B) frictional C) seasonal D) structural E) natural
Which of the following will cause the LM curve to shift to the left?
A) A decrease in investment B) A decrease in money demand C) An increase in velocity D) A decrease in the money supply
Which of the following is not a feature of the steady state in Solow's exogenous growth model?
A) The capital/output ratio is steady. B) Capital grows continuously. C) Consumption per worker is steady. D) Total saving is steady.