If housing prices are expected to increase, then, other things equal, the demand for houses will ________ and that of Treasury bills will ________
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase
B
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The most effective and frequently used tool the Fed has to increase or decrease the economy's money supply is
a. open market operations b. changes in the legal reserve requirement c. changes in the discount rate d. changes in the federal funds rate e. moral suasion
If a country experiences economies of scale in the production of a good, it implies that ______________
Fill in the blank(s) with the appropriate word(s).
When an effective minimum wage is introduced, the number of hours of labor employed is determined by the ____ and the _____.
Fill in the blank(s) with the appropriate word(s).
When there's a shortage in the number of jobs available when teenagers look for summer jobs, the type of unemployment that arises is called
A. Frictional unemployment. B. Seasonal unemployment. C. Structural unemployment. D. Cyclical unemployment.