The goal of a union may be to maximize the
a. number of union members.
b. income received by workers in the relevant industry.
c. number of workers employed in the relevant industry.
d. All of the above are correct.
d
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Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply. b. Credit cards are included in M2 but not M1. c. Credit cards do not impact the demand for money. d. Credit cards are a means of payment. e. All of the above are true.
Growth in standards of living over time depends for the most part on ______.
a. price controls b. stock markets c. unemployment d. productivity
Exhibit 20-6 Money, investment and product markets
?
In Exhibit 20-6, if the Fed believes the economy is at AD3, how might it engineer a decline in the price level?
A. By decreasing the money supply, the interest rate falls, investment rises, and aggregate demand falls, causing the price level to fall. B. By decreasing the money supply, the interest rate rises, investment rises, and aggregate demand rises, causing the price level to fall. C. By decreasing the money supply, the interest rate rises, investment falls, and aggregate demand falls, causing the price level to fall. D. By increasing the money supply, the interest rate rises, investment rises, and aggregate demand falls, causing the price level to fall.
Recall the Application about the role of megacities in economic growth to answer the following question(s).According to the Application, which country has more cities with a population greater than 5 million?
A. South Korea B. The United States C. China D. Japan