Savings and loans primarily provide:
A. unsecured credit card loans.
B. home mortgages.
C. large commercial loans.
D. student loans.
Answer: B
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Inflation adjusted hourly wages for the average hourly worker is _______ today than it was in 1973.
A. higher B. lower C. about the same
By the study of "scarcity," an economist means how we best utilize our: a. limited resources in order to promote full employment and price stability. b. unlimited desires in order to best use our unlimited resources
c. unlimited resources to best satisfy our unlimited desires. d. limited resources in order to best satisfy our unlimited desires.
An increase in labor productivity shifts the
A) AD curve rightward. B) AD curve leftward. C) short-run aggregate supply (SRAS) curve leftward. D) SRAS curve rightward. E) none of the above
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: OPEC raises the price of its oil significantly. (See Figure 8.6.)
A. A. B. B. C. C. D. D.