Because of a bank merger, Ms. Davis lost her position as Vice President and had to seek work with other banks. Ms. Davis has the skills necessary to find a new job, thus she is best considered as
A) frictionally unemployed.
B) cyclically unemployed.
C) structurally unemployed.
D) naturally unemployed.
A
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The most heavily traded American stocks are traded on the
A. New York Stock Exchange. B. American Stock Exchange. C. regional stock markets. D. “third market.”
Which of the following examples shows the most inelastic demand?
a. When the price of printers increases from $800 to $1,000 per printer, sales decreases by 20 percent. b. When the price of fedoras increases from $90 to $100 per hat, sales decreases by half. c. When the price of shoes decreases from $60 to $50 per pair, sales increases 5 percent. d. When the price of crackers decreases from $3 to $2 per box, sales double.
To reduce politicization of policy making, many countries have given control of ________ to politically independent central banks
A. fiscal policy B. monetary policy C. unfunded liabilities D. budget deficits
Rationing of resources, goods, and services
A. is not required under the price system. B. happens only when the price is zero. C. is required because of scarcity. D. must be done by the government.