When the U.S. economy is at its full-employment level, the unemployment rate is not equal to zero because:
a. cyclical unemployment is always present in a modern economy.
b. of the statistical discrepancy.
c. voluntary unemployment is always positive.
d. frictional and structural unemployment are always present in a modern economy.
e. there are always people who are too lazy to work.
d
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Are Bitcoins Money?
a. yes b. no
The amount of money a bank can lend
a. depends on its gold holdings. b. depends on its holdings of government bonds. c. is inversely related to its reserve requirements. d. is unrestricted.
When do the staggered terms of the Federal Reserve governors expire?
a. January 31 of every odd year b. January 31 of every even year c. December 31 of every odd year d. December 31 of every even year
The imposition of both tariffs and nontariff barriers leads to: a. an increase in total surplus
b. increased domestic consumption. c. increases in the prices of imported goods. d. increased foreign production.