To decrease the money supply, the Fed purchases government securities, which decreases government spending
a. True
b. False
Indicate whether the statement is true or false
False
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What is meant by the "law of one price"? In discussing the law of demand, Hubbard and O'Brien claim there has been no evidence of an exception to the law (that is, no evidence of an upward-sloping demand curve)
Are there exceptions to the law of one price?
If there are 10 million people employed, 1 million unemployed, 500,000 discouraged workers, and 400,000 collecting unemployment insurance, there are _____ people in the labor force.
Fill in the blank(s) with the appropriate word(s).
Which of the following does not contribute to the high productivity of the U.S. economy?
A. Factor mobility. B. The capital stock. C. Technology. D. Negative externalities.
Real GDP per person can increase:
A. if the share of population employed and/or average labor productivity increases. B. only if the share of the population employed decreases. C. only if the share of the population employed increases. D. only if average labor productivity increases.