According to traditional Keynesians, monetary policy as a tool to fight a recession
A. is very effective because interest rates will fall immediately.
B. is ineffective because interest rates will not fall.
C. has an uncertain effect on the economy, depending on the direction of fiscal policy.
D. cannot be determined because traditional Keynesians do not consider monetary policy at all.
Answer: B
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When gold prices become more volatile, the ________ curve for gold shifts to the ________; ________ the price of gold
A) supply; right; increasing B) supply; left; increasing C) demand; right; decreasing D) demand; left; decreasing
User charges are identical to market prices
a. True b. False
The completion of a degree or course of study is a good labor market signal
A) only if what is learned in that educational process relates directly to the job the individual is being considered for. B) only if there is a positive correlation between academic success and wage income. C) primarily because individuals develop good habits in college that serve them well in other areas later on. D) because all individuals have the opportunity (in the United States) to pursue higher education. E) because people who possess the traits that make them more productive in the workplace have an easier time completing an education than those who don't.
When parents save money to pay for their children's future college education, they are using money as a ________ of value.
A. medium B. store C. stock D. standard