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Home Search Your Textbook The Economic Way of Thinking

Questions for: The Economic Way of Thinking — 13e

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Suppose an economy has the following characteristics: 100 people in the noninstitutional population;

There is a potential for banks to create money when they

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We all use the services of speculators as information in reaching our own economic decisions

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In the economic way of thinking, the costs of a recession are predominantly

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The problems that inflation creates are caused almost entirely by

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People who are not currently employed, but say they want a job, are counted as unemployed only if th

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U.S. dollar bills (Multiple Choice Question)

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Marginal costs are the costs relevant to a decision because they

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Roughly how large is the difference between U.S. GDP and U.S. GNP?

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A savings and loan strives for a 6% real return on its loans and estimates a 7% annual rate of infla

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Which groups tend to have greater difficulties finding employment as a result of the minimum wage?

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Percentage markups are characteristically lower in supermarkets than in convenience stores becauseA)

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Who is "selling short"?

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Economic theory is sometimes referred to as marginalism or marginal analysis because

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The prediction of permanent, growing shortages of fresh drinking water by the year 2050 assumes

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Pick the scarce good below with the completely inelastic demand curve.

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The usefulness of money in commercial societies comes from the fact that

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The real rate of interest is

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Suppose the nominal interest rate is 4% and the rate of inflation is 3%. The real interest rate is t

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What would be the direct effect of a reduction in the U.S. selling price of Japanese-made cars on th

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