Almost everyone is affected directly or indirectly by high rates of employment or high and variable rates of inflation
a. True
b. False
Indicate whether the statement is true or false
True
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Suppose a coupon bond with a par value of $1000 is currently priced at $950 and has a coupon of $40. Which of the following is true?
A) current yield > coupon rate B) current yield < coupon rate C) coupon rate has risen D) coupon rate has declined
Jake just quit his job as a shoe salesman and is looking for work as an accountant, which is what his college degree is in. Jake would be considered:
A. frictionally unemployed. B. structurally unemployed C. cyclically unemployed. D. Jake is not in the labor force.
A die is rolled. The individual rolling the die will receive the number that lands in dollars (i.e. if it lands 1, they receive $1, if it lands two, they receive $2, etc). The expected value of the die roll is
a. $1.00 b. $2.25 c. $3.50 d. $6.00