Category: Uncategorized

Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.  What type of unemployment occurred?

There are two policy tools that can be used to fine tune the economy and achieve macro economics goals of low inflation, low unemployment and economic growth.  These tools are entitled fiscal policy and monetary policy.  Mark all items that apply to fiscal policy.

True or False.  Barter involves the direct exchange of a good or service for another, with the use of money.

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each. What is the opportunity cost of one more Bag of Peanuts? (Write your answer in numeric form no decimals for example 5)

By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.

True or False.  The financial crisis of 2007 and 2008 occurred because bank were willing to give out more sub prime loans knowing the risk was less due to the secularization of loans occurring at this time.

Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.  What type of unemployment occurred?

Select all that apply.  Which approache(s) can be used to maximize profit for a perfectly competitive firm?

True or False.  The financial crisis of 2007 and 2008 occurred because bank were willing to give out more sub prime loans knowing the risk was less due to the secularization of loans occurring at this time.

There are two policy tools that can be used to fine tune the economy and achieve macro economics goals of low inflation, low unemployment and economic growth.  These tools are entitled fiscal policy and monetary policy.  Mark all items that apply to fiscal policy.