China is the largest spender on research and development in the world (in total dollars or dollar equivalents).
Answer the following statement true (T) or false (F)
False
The United States is the largest spender on R&D in the world.
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Lizzie's budget line is shown in the figure above. Lizzie's real income in terms of cookies is ________ cookies
A) 5 B) 10 C) 15 D) 20
The U.S. unemployment insurance program
A) decreases the level of frictional unemployment. B) pays the unemployed a benefit equal to twice the average wage. C) increases the amount of time the unemployed spend searching for a job. D) eliminates structural unemployment.
Which of the following will increase the velocity of circulation?
a. Interest rates increase. b. The inflation rate decreases. c. Federal banking legislation abolishes credit cards. d. Employers decide to pay employees once a month instead of once a week.
In the late 1970s into the early 1980s, interest rates were high and very volatile. During this period:
A. money demand as well as velocity should have also been shifting and volatile. B. the Fed was actually targeting the short-term interest rate. C. the velocity of money should have been stable. D. it should have been easy for the Fed to predict the velocity of money.