Demand curves are derived while holding constant
A. income, tastes, and the prices of other goods.
B. only tastes and the prices of other goods.
C. income, tastes, and the price of the good.
D. only income and tastes.
Answer: A
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Which of the following individuals is the best example of a structurally unemployed worker?
A) a recent college graduate who has entered the labor force B) an individual who has been laid off from his job because of a business cycle recession C) an automobile worker who has lost her job because of an increase in automobile imports and does not have the skills currently needed by businesses D) an individual who quits one job in the hope of finding a better job
An increase in the money ________ shifts the LM curve to the ________, causing the interest rate to fall and output to rise, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
The theory of oligopoly provides another reason that free trade can benefit all countries because
a. increased competition leads to larger deadweight losses. b. as the number of firms within a given market increases, the price of the good decreases. c. as the number of firms within a given market increases, the profit of each firm increases. d. All of the above are correct.
Forward guidance is:
A. statements today about policy targets in the future. B. statements of policy changes and dates those changes will take effect. C. asset purchases that shift the composition of the Fed's balance sheet. D. expansion of the supply of aggregate reserves beyond the amount needed to maintain the policy rate target.