According to the Monetarists, average inflation is higher today than it was a hundred years ago because of
a. the lack of fiscal responsibility.
b. the increased use of stabilization policy.
c. high interest rates, which increase the cost of borrowing.
d. unstable investment demand.
e. unstable money demand.
B
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Since 1980, the percentage of part-time workers who are part time for economic reasons
A) has steadily decreased. B) has steadily increased. C) at first increased, then generally decreased. D) generally increased in recessions and decreased in expansions. E) has remained approximately constant.
The indifference curves in the figure above (I1, I2, and I3 ) reflect Peter's consumption preferences
If Peter consumes 24 slices of pizza and 24 chocolate bars per month, he as satisfied as he would be consuming ________ slices of pizza and ________ chocolate bars per month. A) 48; 12 B) 40; 20 C) 32; 8 D) 16; 16
If forced to choose, middle class whites would generally prefer as neighbors middle class blacks to poor whites
Indicate whether the statement is true or false
Which of the following states the relationship between a bond's price and its yield?
a. As the price falls, the yield falls. b. Price and yield are usually independent of each other. c. As the price rises, the yield rises. d. As the price rises, the yield falls. e. As the yield rises, so does the price.