Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called
a. detached workers, and they are classified by the Bureau of Labor Statistics as unemployed.
b. detached workers, and they are not classified by the Bureau of Labor Statistics as unemployed.
c. discouraged workers, and they are classified by the Bureau of Labor Statistics as unemployed.
d. discouraged workers, and they are not classified by the Bureau of Labor Statistics as unemployed.
d
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Which of the following statements concerning Keynesian ISLM analysis is TRUE?
A) For a given change in taxes, the IS curve will shift less than for an equal change in government spending. B) Changes in net exports arising from a change in interest rates causes a shift in the IS curve. C) A fall in the money supply shifts the LM curve to the right. D) Expansionary fiscal policy will cause the interest rate to fall.
Asymmetric information represents a market situation in which
A) all parties to a transaction possess less than full information. B) one party in a transaction has more information than the other party. C) some information possessed by the parties in a transaction may be false. D) a zero-sum game exists.
The federal funds market is the market in which
a. banks lend and borrow reserves from each other for short periods of time b. the Fed loans reserves to banks for short periods of time c. banks withdraw reserves from the Fed for short periods of time d. government borrows from the fed for short periods of time e. the Fed borrows from the government for short periods of time
The range to the left of the midpoint on a linear demand curve is
A) elastic. B) infinite. C) one. D) inelastic.