What type of unemployment occurs when automation replaces workers?
a. cyclical
b. frictional
c. seasonal
d. structural
d. structural
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Speculation is the opposite of hedging
Indicate whether the statement is true or false
The regulatory agency that sets reserve requirements for all banks is
A) the Federal Reserve System. B) the Federal Deposit Insurance Corporation. C) the Office of Thrift Supervision. D) the Securities and Exchange Commission.
Though useful, purchasing power parity does not completely explain long-run movements in exchange rates due to
A) some goods being nontradeable. B) changes in the real exchange rate. C) differentiated products. D) all of the above.
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.