Which of the following countries cannot use monetary expansion in order to reduce youth unemployment?
a. South Africa
b. Spain
c. India
d. Greece
b. Spain
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Bobby makes a New Year's resolution to lose weight. On January 3rd, he decides to go to Ben amp; Jerry's for ice cream instead of going to the gym. Using the concept of revealed preference, economists would most likely conclude that Bobby:
A. is not a rational individual. B. actually gains more utility from ice cream than working out. C. has changed his preferences. D. has no choice over the actions he takes.
One problem with using discount rate changes to influence deposit creation or destruction is that
a. small changes in the rate do not have much impact b. the discount rate changes are covert c. banks like to borrow from the Fed, and they will borrow even more after the changes d. the Fed must change the discount rate each time they meet e. banks do not have enough control over their demand deposits
The buyer side of the market is known as the:
A. income side. B. seller side. C. demand side. D. supply side.
The United States Congress passes a law requiring that all businesses, regardless of size, pay 100% of employees' healthcare costs. What is a likely result of this action?
A) Businesses will hire more workers. B) Congress will collect more tax revenue. C) Big Businesses will earn greater profits. D) Many small businesses will be forced to close.