"Discouraged" workers are counted as "unemployed."
Indicate whether the statement is true or false
F
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Recall the Application about the Fed's response to the collapse of the investment house Bear Stearns as well as its handling of the 2008 financial crisis with respect to other financial institutions to answer the following question(s). According to this Application, the Fed increased its lending by hundreds of billions of dollars to financial institutions as a response to the ongoing financial crisis. This increase in loans to financial institutions increased the supply of money in the economy. When the supply of money increases, the money supply curve will:
A. shift to the right, increasing the interest rate. B. shift to the right, decreasing the interest rate. C. shift to the left, increasing the interest rate. D. shift to the left, decreasing the interest rate.
What is the mission of the World Bank?
What will be an ideal response?
If the bank advertises 6 percent annual interest rate on a one-year certificate of deposit and you anticipate the rate of inflation to rise to 3 percent during the year, then the real rate of interest on the certificate of deposit is
A. 9 percent. B. 3 percent. C. 2 percent. D. 6 percent.
In 2012, the nominal wage rate for unionized carpenters was $37.50 and the CPI was 204. Calculate the real wage rate for this group of workers
A) $5.44 B) $18.38 C) $47.09 D) $1.84 E) $37.50