Melissa purchases shares in a government bond mutual fund. Is this included in the aggregate demand component "Investment"?
a. Yes, if it is a domestic mutual fund.
b. Yes, if the purchase is made out of current income.
c. No, unless the funds are deposited in a domestic financial institution.
d. No, it would never be included.
d
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Over the last 100 years in the United States, unemployment reached its highest rate
A) in the 1920s. B) in the 1930s. C) in the 1980s. D) in the 1970s.
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
Structural unemployment results when the number of jobs is insufficient for the number of workers
a. True b. False Indicate whether the statement is true or false
Which of the following is a characteristic of a monopoly market? a. A large number of buyers and sellers. b. Mutual interdependence
c. Free entry and exit. d. A product with no close substitutes.