How does the unemployment rate change in a recession and in an expansion?
What will be an ideal response?
During a recession, the unemployment rate generally increases. During an expansion, the unemployment rate generally decreases.
Economics
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Buying a diversified mutual stock fund allows you to
A) completely avoid all types of risk. B) avoid only random, unsystematic risk. C) avoid only systematic risk. D) avoid risk only when all the stock prices are perfectly correlated.
Economics
All transaction deposits are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) savings balances only.
Economics
Adam Smith was an advocate of:
a. mercantilism. b. a nation maximizing its stock of gold. c. unrestricted or free trade. d. the visible hand of public interest.
Economics
How can bonuses to exceptional employees be considered economic rents?
Economics