A loaf of bread purchased by one of your instructors would be best described as
A) an intermediate good.
B) a financial asset.
C) a used good.
D) a final good.
D
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Economic fluctuations are defined as
A. alternating periods of significant GDP growth and decline. B. events only encountered in developing countries. C. periods of stable economic growth. D. alternating periods when the unemployment rate rises above and below zero.
The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________
A) the fed funds rate B) the discount rate C) asymmetric information D) the credit spread
In contrast to other antipoverty programs, a negative income tax
a. provides incentives to work b. provides more assistance to children c. assists the unemployed d. provides direct in-kind transfers to the most needed e. recognizes the existence of a culture of poverty
Minimum-wage laws are an example of:
A. collective bargaining. B. wage rigidity. C. the discouraged-worker effect. D. insiders versus outsiders.