A nominal anchor promotes price stability by
A) outlawing inflation.
B) stabilizing interest rates.
C) keeping inflation expectations low.
D) keeping economic growth low.
C
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When an economist evaluates a positive statement, he or she is primarily
a. examining evidence. b. acting as a scientist. c. concerned with verifying how the world is. d. All of the above are correct.
Is the United States a service economy? Explain based on the types of personal consumption expenditures
What will be an ideal response?
The labor-force participation rate is computed as
a. (Employed Adult Population) 100. b. (Employed Labor Force) 100. c. (Labor Force Adult Population) 100. d. (Adult Population Labor Force) 100.
The consumption schedule is such that:
A. both the APC and the MPC increase as income rises. B. the APC is constant and the MPC declines as income rises. C. the MPC is constant and the APC declines as income rises. D. the MPC and the APC must be equal at all levels of income.