During a recession, unemployment typically
a) falls slightly.
b) does not change.
c) falls substantially.
d) rises.
Ans: d) rises.
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One hundred percent reserve banking refers to a situation in which banks' reserves equal One hundred percent of their
A. loans. B. income. C. profits. D. deposits.
A corporation ________ taxes on its profits and its stockholders ________ taxes on any dividends made to them by the company
A) pays; pay B) pays; do not pay C) does not pay; pay D) does not pay; do not pay
According to the classical model, if there are too many elementary school teachers in the labor market,
a. the government should institute a retraining program to give the unemployed teachers new job skills b. the wages for elementary teachers will fall, eventually causing the number of excess teachers to shrink c. the wage for elementary teachers will increase for those who are employed, but unemployment of teachers will remain high d. this situation provides an example of cyclical unemployment, which often occurs in the long run e. people will quit training to become elementary school teachers and soon there will be a shortage in this labor market
The quantity of financial capital supplied at any given time must _______ the quantity of financial capital demanded for purposes of making investments; however, the makeup of these items will determine the national saving and investment identity.
a. reduce b. exceed c. equal d. add to