Unemployment payments
a. fall during periods of prosperity and thus reduce inflationary pressures
b. fall during periods of prosperity and thus increase inflationary pressures
c. fall during recessions and thus increase the problem of unemployment
d. rise during periods of prosperity and thus increase inflationary pressures
e. rise during recessions and thus increase the problem of unemployment
A
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The costs of a recession are largely
A) losses to some people but gains to others. B) made up in the subsequent recovery. C) the consequences of falling prices. D) the costs of disappointed expectations. E) welcomed by advocates of zero economic growth.
The supply of money is depicted as an upward sloping line that depends directly on the interest rate
a. True b. False Indicate whether the statement is true or false
Which of the following is not true of the demand deposit multiplier?
a. Its formula is 1/RRR. b. It represents the change in demand deposits generated by a change in reserves. c. It represents the change in demand deposits generated by a change in taxes. d. It is a way to determine the effect on money supply from a given Federal Reserve action. e. It ignores changes in the behavior of the public and the banks.
Barriers to entry are
a. not too difficult to overcome in a monopoly market structure b. very high in a perfectly competitive market structure c. nonexistent in an oligopoly market structure d. not too difficult to overcome in a monopolistically competitive industry structure e. nonexistent in a monopoly market structure