People who stopped looking for work because they could not find jobs are called discouraged workers
Indicate whether the statement is true or false
TRUE
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Monetarists argue that aggregate demand is
A) vertical. B) horizontal. C) relatively unaffected by autonomous spending shifts. D) relatively unaffected by changes in the money supply.
An inflationary gap exists when consumers and businesses are demanding more output than the economy is capable of producing at full employment
a. True b. False Indicate whether the statement is true or false
Which of the following conditions might move the labor supply curve to the left?
a. As the hospital nursing staff grew older, more of them reduced their hours to part time. b. The chance to take part in world-class research inspired candidates to apply for the fellowship. c. A large number of immigrants entered the state in search of better economic opportunities. d. More college graduates than ever were entering the work force with student loans to pay.
If Bank A has excess reserves of $1 million and all other banks in the system do not have any excess reserves, then the amount of additional loans that can be made by the banking system will be:
A. $1 million also B. A fraction of $1 million C. A multiple of $1 million D. $1 million times the required-reserve ratio