Carol is a coal miner who just got laid off when the last coal mine in the area was shut down. She has looked everywhere for another job as a miner, but cannot find one. Given that Carol is unlikely to find another job as a miner, she would be considered:
A. frictionally unemployed.
B. structurally unemployed.
C. real-wage unemployed.
D. Carol is a discouraged worker.
B. structurally unemployed.
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Purchases and sales of government securities by the Federal Reserve are called
A) discount loans. B) federal fund transfers. C) open market operations. D) swap transactions.
An individual in the US wants to buy office equipment from England which costs 2,800 pounds. If the exchange rate is $1.92/pound, how much will it cost him in dollar terms?
a. $2,800 b. $5,376 c. $1,458 d. Need more information
A nation's monetary base changes when:
a. Central banks swap currencies with each other. b. Funds cross our imaginary line. c. The central bank reduces the reserve requirement. d. All of the above. e. None of the above.
The person most closely associated with a conservative theory of poverty is
A. Charles Murray. B. William Julius Wilson. C. Frances Fox Piven. D. Barbara Ehrenreich.