The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion (i.e., the business cycle) is known as cyclical unemployment.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion (i.e., the business cycle) is known as cyclical unemployment.
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Which of the following is TRUE regarding the distribution of wealth and the distribution of income?
A) The distribution of wealth is a less accurate measure of inequality because it excludes human capital. B) The distribution of wealth is a more accurate measure of inequality because it includes houses. C) The distribution of income is a less accurate measure of inequality because it excludes the value of things you own. D) The distribution of income is a less accurate measure of inequality because not everyone has a job.
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Bank. B. United Nations Development Plan. C. International Monetary Organization. D. World Trade Organization.
In order to reestablish people's confidence in the banking system after the passage of the National Bank Act in 1864,
a. banks were no longer allowed to lend more than 10 percent of the value of their capital stock to any single borrower b. banks were encouraged to accept real estate as collateral for loans c. the office of Comptroller of the Currency was abolished d. the Treasury was encouraged to depreciate the currency as rapidly as possible e. Confederate notes and Greenbacks were accepted on a one-to-one basis
Refer Exhibit 2-10. Which of the following statements is true?
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