What is the basic task that economists expect the market to carry out?
A. Deal with the fundamental problem of scarcity
B. Balance the government’s budget
C. Lessen wants to the level of income available
D. Meet all human wants
Answer: A
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If the CPI was 132.5 at the end of last year and 137.5 at the end of this year, the inflation rate over these two years was
A) 3.6 percent. B) 3.8 percent. C) 5.0 percent. D) None of the above answers is correct.
Which of the following will not cause the aggregate demand curve to shift?
a. an increase in government spending for interstate highways b. an increase in the sales of exports resulting from a change in the exchange rate c. a change in the price level d. an increase in the purchase of capital goods caused by a change in expectations e. a decrease in the construction of new houses caused by an increase in interest rates
Senior managers of a corporation can be regarded as the corporation's entrepreneurs
Indicate whether the statement is true or false
If the Federal Reserve increases the supply of money in the market, then bond prices will _____ and interest rates will _____.
a) fall; rise b) rise; fall c) rise; rise d) fall; fall