Direct relationships are illustrated using upward-sloping lines and curves
a. True
b. False
Indicate whether the statement is true or false
True
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A market with many firms that sell goods and services that are close substitutes for one another is called:
A. perfect competition. B. monopolistic competition. C. oligopoly. D. monopoly.
Which of the following is most likely to reduce structural unemployment?
a. A reduction in wage rates b. Access to better information on local job openings c. Retraining workers in marketable skills d. Promotion of full employment through government stabilization policies e. Reducing the cost of job loss through enhanced unemployment benefits
An increase in the nominal interest rate, other things constant, will: a. shift the money demand curve to the right
b. shift the money demand curve to the left. c. increase the quantity of money people choose to hold. d. decrease the quantity of money people choose to hold. e. have no impact on the money demand curve.
Which of the following is a feature of a black market? a. It includes transactions that are not approved by the government
b. It includes the transaction of goods between the government and firms. c. It includes the transaction of intermediate goods. d. It includes the transaction of final goods and services that are produced in a country.