The Federal Reserve monetary policy goals of maximum employment means
A) aiming for an amount of employment that exceeds full employment.
B) cyclical unemployment should not necessarily be minimized.
C) keeping the unemployment rate close to the natural unemployment rate.
D) a zero percent natural unemployment rate.
E) a zero percent unemployment rate.
C
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At the beginning of the Vietnam War, increased military spending in the United States decreased unemployment
Indicate whether the statement is true or false
The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. The equilibrium expenditure is
A) $25 billion. B) $10 billion. C) $15 billion. D) $20 billion. E) $30 billion.
A shortage causes the
A) demand curve to shift leftward. B) supply curve to shift rightward. C) price to fall. D) price to rise.
Increasing returns to scale in production means
A) more than 10% as much of all inputs are required to increase output 10%. B) less than twice as much of all inputs are required to double output. C) more than twice as much of only one input is required to double output. D) isoquants must be linear.