The requirement that firms doing business with the federal government set numerical hiring, promotion, and training goals to reduce discrimination was
a. included in the Civil Rights Act of 1964
b. signed by President Johnson
c. first proposed in the Nixon administration
d. first proposed in the Carter administration
e. first proposed in the Equal Rights Amendment
B
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If we look back at inflation data since 1300, we see that
A) during the 20th century we have finally solved the problem of high inflation. B) the Industrial Revolution caused the highest inflation rates. C) the discovery of America caused prices to fall drastically. D) inflation has been highest in the 20th and 21st centuries. E) the most rapid inflation occurred prior to 1600.
If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:
a. greater than the average variable cost. b. less than the average variable cost. c. equal to the average variable cost. d. at its minimum.
If the Fed were to allow unemployment to remain at a higher level than NAIRU:
A. It would lead to deflation. B. the dual mandate would be violated. C. they would fail to maintain full employment. D. All of these statements are true.
In every economic system, scarcity imposes limitations on
a. households, business firms, governments, and the nation as a whole b. households and business firms, but not the governments c. local and state governments, but not the federal government d. households and governments, but not business firms e. business firms, governments, and the nation as a whole