True or False.  A perfectly competitive firm gain sales by decreasing price.

If the population of a country is 220 million people, its labor force consists of 120 million, and 15 million people are unemployed, the unemployment rate is: (Enter you value as a numeric percentage with no percentage sign e.g. 15.1)

Which of the following items are included in money supply M2 but not M1?

True or False.  The imposition of a price floor or a price ceiling will prevent a market from adjusting to its equilibrium price and quantity, and thus will create an efficient outcome.

Which of the following characterizes a perfectly competitive firm?

True or False.  Bank regulation involves maintaining the solvency of banks by avoiding excessive risk.

True or False.  A perfectly competitive firm gain sales by decreasing price.

When comparing GDPs across countries one must divide by geographic size after converting to a common currency.

Money supply M1 does not include the currency held by

True or False.  In the past 20 years, the US has not had a budget surplus.