Which of the following is correct?
a. The labor-force participation rate of women has increased in part due to smaller families.
b. The labor-force participation rate of men has decreased in part due to men retiring younger and living longer.
c. Both a and b are correct.
d. Neither a nor b is correct.
c
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Which of the following statements about the International Monetary Fund (IMF) is TRUE?
A) The IMF was created to finance long-term economic development projects in poor countries. B) The IMF was created to reduce tariff barriers between nations. C) The IMF functions as a central bank that conducts monetary policy for the world economy. D) The IMF obtains funds from quota subscriptions charged to member countries.
Which economist made the following statement: "Every major contraction in the U.S. economy has either been created or greatly exacerbated by monetary instability. Every major inflation has been caused by monetary expansion."
a. Milton Friedman b. John Maynard Keynes c. Adam Smith d. Paul Samuelson
Assume the central bank lowers the discount rate. What is the net effect on the unemployment rate (assume fixed exchange rates)? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium
a. The unemployment rate rises. b. The unemployment rate falls. c. The unemployment is not affected. d. The change in the unemployment rate depends on the degree of international capital mobility.
The functions of money are to serve as a:
A. determinant of consumption, investment, and government spending. B. resource allocator, method for accounting, and means of income distribution. C. unit of account, store of value, and medium of exchange. D. factor of production, exchange, and aggregate supply.