The probability that an employed worker will lose his or her job in the next month is known as
A) the unemployment rate.
B) the job finding rate.
C) the underemployment rate.
D) the job loss rate.
D
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Even when a particular monetary asset is not performing one of the functions of money well, people still use the asset because
A) once an asset is defined as money it is always money. B) people expect money will come back at a later date. C) they have no choice. D) it is still easier than relying on barter.
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion
A) $8000 B) $1200 C) $1200.8 D) $8400
A worker will become indifferent between spending the next hour on work or leisure if the benefit of another hour of work is:
A. less than the opportunity cost. B. exactly equal to the opportunity cost. C. constant for each additional hour worked. D. greater than the opportunity cost.
If transactions costs are low, private bargaining will always result in an efficient solution to the problem of externalities
Indicate whether the statement is true or false