(Consider This) Rising wages for women in the United States have increased:
A. the proportion of women working part time compared to working full time.
B. labor costs and thus shifted the nation's production possibilities curve inward.
C. average family size in the United States.
D. the percentage of married women in the workforce.
D. the percentage of married women in the workforce.
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The demand for money varies
a. directly with both the price level and the level of real GDP. b. inversely with both the price level and the level of real GDP. c. inversely with the price level and directly with the level of real GDP. d. directly with the price level and inversely with the level of real GDP. e. inversely with the level of nominal GDP.
Economic analysis indicates that the increasing government expenditures and growth of third-party payments accompanying the Medicare and Medicaid programs
a. reduced the demand for healthcare services. b. reduced the incentive of consumers to economize on their use of healthcare. c. increased the incentive of consumers to economize on their use of healthcare. d. placed downward pressure on the prices of healthcare services.
The substitution bias in the consumer price index refers to the
a. substitution by consumers toward new goods and away from old goods. b. substitution by consumers toward a smaller number of high-quality goods and away from a larger number of low-quality goods. c. substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive. d. substitution of new prices for old prices in the CPI basket of goods and services from one year to the next.
If Real GDP increases at an annual rate of 3 percent and velocity increases at a rate of 2 percent per year, then rules-based monetary policy advocates who wish to maintain a stable price level would set the annual money supply growth rate at
A) -2 percent. B) 0 percent. C) 1 percent. D) 6 percent. E) -1 percent.