For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must
a. be available for work.
b. have tried to find employment during the previous week.
c. have previously been employed.
d. All of the above are correct.
a
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The required reserve ratio is 20 percent and banks have no excess reserves. Katie deposits $300 in her bank. What are the bank's excess reserves immediately after Katie makes her deposit?
A) $30 B) $90 C) $240 D) $60 E) $300
What does an efficient payment scheme in a principal/agent relationship depend on?
The economic impact of a change in spending, working through the multiplier, takes effect
a. immediately. b. very quickly, with a small number of rounds of spending. c. after a very long period of time. d. after multiple rounds of spending occur.
The situation when the price of most goods and services are falling over time is called:
A. inflation. B. deflation. C. a boom. D. disinflation.