Which of the following is NOT an example of an increased standard of living?
A. Medical advances
B. Lower life expectancy
C. Telephones in every home
D. Indoor plumbing
Answer: B
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Discretionary monetary policy has the drawback that it
A) must lead to very high inflation. B) is currently illegal in the United States. C) makes inflation expectations harder to manage. D) cannot be implemented using changes in the federal funds rate. E) None of the above answers is correct.
A terrible storm wipes out 70 percent of the peanut crop. Explain and show graphically how this will affect the market for peanut butter and the market for jelly, a complementary good
GDP includes:
A. the negative attributes from erosion and deforested landscape. B. all quality improvements resulting from higher quality goods replacing inferior goods. C. the cleaning-up expenses associated with pollution. D. the value of leisure time.
The Glass-Steagall Act forbids banks from owning
A) municipal bonds. B) corporate stock. C) home mortgages. D) bonds issued by foreign governments.