The Federal Reserve System is the central bank of the United States
Indicate whether the statement is true or false
TRUE
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If a government redesigned its unemployment insurance programs so that the unemployed had greater incentives to quickly find appropriate jobs, then which of the following curves would shift right?
a. the long-run Phillips curve and the long-run aggregate supply curve b. the long-run Phillips curve but not the long-run aggregate supply curve c. the long-run aggregate supply curve but not the long-run Phillips curve d. neither the long-run Phillips curve nor the long-run aggregate supply curve
As a result of an expansionary monetary policy ________
a. both aggregate expenditure and aggregate demand increase b. both aggregate expenditure and aggregate demand decrease. c. aggregate expenditure increases and aggregate demand decreases. d. aggregate expenditure decreases and aggregate demand increases. e. aggregate expenditure remains unchanged; aggregate demand increases.
A rightward shift of a demand curve is called a(n):
A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.
The opportunity cost of going to an outdoor music festival is
A) the enjoyment you receive from going to the festival. B) the value of the time spent at the festival. C) equal to the highest value of an alternative use of the time and money spent on the festival. D) zero because there are no overhead costs for an outdoor festival. E) the cost of the festival ticket only.