When the unemployment rate is low, we would expect that
A) the probability of losing a job is high.
B) the probability of losing a job is low.
C) the probability an unemployed individual will find another job is low.
D) the separation rate will increase.
B
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During the expansion phase of the business cycle, households become optimistic about their future earning capacity as do banks. Nominal interest rates rise during expansions. Mortgage lending could be expected to
A) rise if the change in future earnings is thought to be greater than the change in interest rates. B) stay the same. C) fall. D) fall if the change in future earnings is thought to be greater than the change in interest rates.
If the Fed lends to member banks, what happens to reserves and the money supply?
a. Reserves increase and the money supply decreases. b. Both increase. c. Reserves decrease and the money supply increases. d. Both decrease.
A seller's reservation price is generally equal to:
A. the seller's opportunity cost of producing an additional unit. B. the buyer's reservation price. C. the seller's marginal benefit from producing an additional unit. D. the market price.
A principal objective of the World Trade Organization is to
A. Protect import-competing producers. B. Assist in retraining workers displaced by imports. C. Reduce barriers to trade. D. Equalize income tax structures in various countries.