The introduction of the Internet over the last 20 years has caused the:
A. long-run aggregate supply curve to shift to the right.
B. long-run aggregate supply curve to shift to the left.
C. short-run aggregate supply curve to shift to the left.
D. long-run aggregate supply to remain fixed.
A. long-run aggregate supply curve to shift to the right.
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Which of the following clearly restricts the competitive market process?
A) Selling below cost B) Selling above cost C) Selling at cost D) Setting a price above marginal cost E) None of the above.
A monetary growth rule means that
A) the Fed will raise interest rates if it thinks the economy is growing faster than potential. B) the money supply should grow at a constant rate. C) the Fed will lower interest rates if it thinks a recession is on the horizon. D) the money supply should grow in response to economic conditions.
Union membership over the last five decades has
a. grown at the same rate as the labor force b. become much more attractive and has grown more rapidly than the labor force c. become much more attractive d. grown more rapidly than the labor force e. declined
Which of the following is a drawback of FDIC insurance?
A. FDIC insurance leads to excess industry profits. B. FDIC insurance has failed to arrest the trend of bank failures. C. FDIC insurance leads to the problem of moral hazard. D. FDIC insurance undercuts private insurance companies.