Unemployment insurance is:
A. money that is paid by the government to people who are unemployed.
B. offered by the government as a way to affect the level of seasonal unemployment.
C. offered by companies as a way to affect the level of frictional unemployment.
D. All of these are true.
Answer: A
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In measuring GDP, which of the following is included?
A) the value of durable consumption goods but not the value of nondurable consumption goods. B) the value of preparing meals at home C) the value of stocks and bonds bought and sold D) the value of increases in business inventories E) the value of used goods when they are sold
The Bureau of Labor Statistics determines which prices are most important to the typical consumer by surveying consumers
a. True b. False Indicate whether the statement is true or false
If GDP is $9,000 billion and the money supply is $1,800 billion, velocity is approximately
A) 0.20. B) 6.00. C) 4.15. D) 5.00. E) There is not enough information provided to answer this question.
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, the main concern of Greek residents was that:
A. hyperinflation could occur in the economy. B. banks would convert their accounts to drachmas and they would suffer financial losses. C. the country would switch to a gold standard. D. the Prime Minister of Greece would be impeached.