Which of the following is most likely to result in unemployment?
A. Aggregate demand grows more rapidly than aggregate supply.
B. Aggregate demand and aggregate supply grow at the same rate.
C. Aggregate supply grows more rapidly than aggregate demand.
D. Neither aggregate demand nor aggregate supply grows at all.
Answer: D
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When a country allows trade and becomes an importer of a good,
a. domestic producers become better off, and domestic consumers become worse off. b. domestic producers become worse off, and domestic consumers become better off. c. domestic consumers become better off, but the effect on the well-being of domestic producers is ambiguous. d. domestic producers become worse off, but the effect on the well-being of domestic consumers is ambiguous.
Which of the following statements is false?
A) Another term for a Treasury bill is a T-bill. B) Treasury notes mature in 2 to 10 years. C) Treasury bonds are considered very safe investments, but Treasury bills are considered to be a more risky investment. D) It is unlikely the federal government will default on its bond obligations.