What factors will shift the supply and demand for currency?
Any changes in tastes, income levels, relative real interest rates, or relative inflation rates will cause the demand for and supply of currency to shift.
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Which set of points would show a movement from depression to full employment?
A. a movement from Point C to B
B. a movement from Point B to A
C. a movement from Point C to E
D. a movement from Point D to C
In the early stages of macroeconomic model building, the money supply is regarded as a policy ________ that is under ________ control by the Federal Reserve
A) goal, perfect B) goal, imperfect C) instrument, perfect D) instrument, imperfect
New growth theorists believe that increased economic growth is primarily driven by: a. higher level of savings
b. higher level of capital investments. c. increased foreign investment. d. technological innovation and ideas.
What is the discouraged worker effect?
A. A discouraged worker accepts a part-time job and is therefore counted as being employed. B. A discouraged worker will accept any job offer regardless of the wage. C. A discouraged worker stops looking for a job and therefore is no longer counted as being in the labor force. D. Because a discouraged worker accepts a part-time job when he wants a full-time job, he is considered to still be unemployed. E. A discouraged worker stops looking for a job but is still counted as being in the labor force.