Organizers of an outdoor concert in a park surrounded by residential neighborhoods are likely to consider the noise and traffic cost to residential neighborhoods when they assess the financial viability of the concert venture
a. True
b. False
Indicate whether the statement is true or false
False
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As real Gross Domestic Product (GDP) decreases, people hold
A) about the same amount of money since that has been enough in the past. B) less money because they will want to collect interest. C) more money because they will want to increase the amount of savings. D) less money since they will make fewer purchases.
Gordon recommends that government macroeconomic policymakers focus on
A) reducing inflation to zero. B) creating a national job finding service to reduce frictional unemployment to near zero. C) creating "enterprise zones" to move jobs to areas of concentrated unemployment. D) programs to match more closely the job skills of the unemployed to those of job vacancies.
When the economy is operating at a point where aggregate demand equals short-run aggregate supply, it must be true that:
A. aggregate demand also equals long-run aggregate supply. B. the short-run level of output is not the same as long-run potential output. C. prices are higher than expected prices. D. None of these must be true.
Under the purchase-and-assumption method, the FDIC usually finds it:
A. cannot sell the bank and almost always has to revert to the payoff method for dealing with a failed bank. B. can sell the bank at a price equaling the value of the failed banks assets. C. has to sell the bank at a negative price since the bank is insolvent. D. can sell the failed bank for more than the bank is actually worth.