A change in quantity demanded
A) is a shift of the demand curve.
B) is a movement along the demand curve.
C) can be either a shift or a movement along the demand curve.
D) is caused when there is a change in a ceteris paribus factor.
Answer: B
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Which of the following is true of union membership rates in the United States?
a. The rate for males is greater than the rate for females because there are more males in the service sector. b. The rate for males is greater than the rate for females because there are more females in the service sector. c. The rate for whites is greater than the rate for blacks because there are more blacks in the service sector. d. The rate for blacks is greater than the rate for whites because there are more whites in heavy industry. e. The rate for blacks is less than the rate for whites because there are more whites in heavy industry.
Is the United States' labor supply more inelastic or more elastic? Briefly summarize the competing theories
Which of the following groups has the lowest median income in the United States?
A. Married couples with both spouses working B. Female-headed families with no husband present C. Male-headed families with no wife present D. Married couple families with the wife not working
If the Fed were to change the reserve requirement in an effort to increase the money supply, they would:
A. increase the reserve requirement. B. decrease the reserve requirement. C. increase the discount rate. D. open the discount window longer.