Monetarists believe that there is a ________ link between money supply growth and target variables and that the public is ________ in movements in the money supply
A) strong, interested
B) strong, disinterested
C) tenuous, interested
D) tenuous, disinterested
A
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The problem of economic scarcity applies
A) only in developed countries, because resources are scarce in these nations. B) only in underdeveloped countries, because there are no productive resources in these nations. C) only to an economy with an insufficient supply of money. D) to the economies of all nations, regardless of their level of development.
If the absolute price elasticity of demand is 0.2, a 10 percent increase in the price will cause
A) the quantity demanded to decrease by 2 percent. B) the quantity demanded to decrease by 20 percent. C) the quantity demanded to decrease by 5 percent. D) the quantity demanded to decrease by 0.2 percent.
Payroll tax is a proportional tax
a. True b. False Indicate whether the statement is true or false
The Bureau of Labor Statistics places people in the "employed" category if they
a. are without a job, but are available for work and have tried to find a job during the previous four weeks. b. work without pay in a family member's business. c. are waiting to be recalled to a job from which they had been laid off. d. All of the above are correct.