What issue is there regarding housing and the measurement of GDP?
A) residential investment is measured using current house prices, not construction prices.
B) houses are a capital and a consumption good.
C) one does not know whether a house will be owned or rented when it is built.
D) mobile homes are not counted.
A
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Which of the following is true of union membership rates in the United States?
a. The rate for males is greater than the rate for females because there are more males in the service sector. b. The rate for males is greater than the rate for females because there are more females in the service sector. c. The rate for whites is greater than the rate for blacks because there are more blacks in the service sector. d. The rate for blacks is greater than the rate for whites because there are more whites in heavy industry. e. The rate for blacks is less than the rate for whites because there are more whites in heavy industry.
If the Fed wants to lower the money supply
A) it should lower the discount rate. B) it should buy bonds. C) it should lower the reserve requirement. D) it should sell bonds.
"Dividing the economic pie more equally may reduce the size of the economic pie." This argument is characterized as:
a. a conflict between full employment and economic growth. b. a form of discrimination. c. a conflict between equity and efficiency. d. untrue.
When the Federal Reserve reduces its target rate of inflation, it will set a ________ real interest rate at every inflation rate and the aggregate demand curve will ________.
A. lower; shift to the right B. higher; shift to the left C. lower; shift to the left D. higher; shift to the right