Frictional unemployment refers to:
a. people who are out of work and have no job skills.
b. short periods of unemployment needed to match jobs and job seekers.
c. people who spend relatively long periods out of work.
d. unemployment related to the ups and downs of the business cycle.
b
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As the average annual inflation rate ________, the volatility of inflation tends to ________
A) decreases; increase B) increases; increase C) increases; remain stable D) decreases; remain stable
The global financial panic in September 2008 that led to a sharp fall in business investment spending and consumer spending can be viewed as: a. a sharp decrease in aggregate supply
b. a sharp decrease in aggregate demand. c. a sharp decrease in both aggregate supply and aggregate demand. d. a modest increase in aggregate supply. e. a modest increase in both aggregate demand and aggregate supply.
Which of the following statements is correct regarding the Fed? a. Under the Federal Reserve System, there is one Federal Reserve Bank, located in Washington D.C
b. Under the Federal Reserve System, there is one Federal Reserve Bank whose location changes every 14 years. c. Under the Federal Reserve System, there is a Federal Reserve Bank in each Congressional district. d. Under the Federal Reserve System, there is a Federal Reserve Bank in each state. e. Under the Federal Reserve System, there are 12 Federal Reserve banks, one in each of the 12 Federal Reserve districts.
Ceteris paribus, which of the following will occur if the Fed buys bonds through open-market operations?
A. The aggregate supply curve should shift leftward. B. The aggregate supply curve should shift rightward. C. The aggregate demand curve should shift leftward. D. The aggregate demand curve should shift rightward.