"Hawks" are economists who argue that:
a) the goal of full employment should take priority over the goal of low inflation.
b) greater central bank action is needed in times of economic hardship.
c) too much monetary policy can have inflationary effects.
d) the Federal Reserve should be abolished.
Ans: c) too much monetary policy can have inflationary effects.
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Which of the following measures of globalization was not affected during the aftermath of the terrorist attacks in the United States on September 11, 2001?
a. World trade b. Global foreign direct investment c. International travel and tourism d. International telephone calls e. Political engagement
Writing during the Great Depression, Keynes naturally focused on problems of
a. hyperinflation. b. budget deficits. c. trade deficits. d. unemployment.
When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. require employers with 50 or more employees to provide approved health insurance for their employees or pay a $2000 fine annually for each full-time employee. b. expand the supply of doctors and other medical services. c. require all members of Congress and congressional staff employees to purchase their health insurance through the government operated exchanges. d. make it legal for individuals to purchase health insurance from an insurer in another state.
Over the past several years, consumers have had an increasing interest in getting a tattoo. This means that the ________ for tattoos has ________.
A) demand; increased B) quantity demanded; increased C) quantity demanded; decreased D) demand; decreased