____ experience higher rates of unemployment than do ____
a. Teenagers; adults
b. Adult males; adult females
c. Skilled workers; unskilled workers
d. White males; Hispanic males
a
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
In monopolistic competition, there are ________ barriers to entry and so firms in monopolistic competition ________ earn an economic profit in the long run
A) high; can B) high; cannot C) no; can D) no; cannot E) sometimes; can sometimes
Mika takes out a personal loan from her bank so that she can replace her furnace. From that point forward, Mika writes her bank a check for $150 every month until the loan has been satisfied. Mika’s payments demonstrate how money acts as a ______.
a. unit of account b. store of value c. medium of exchange d. means of deferred payment
How does the Fed increase the level of reserves in the banking system?
A. by buying bonds B. by raising interest rates C. by selling bonds D. by lowering interest rates