In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million
What is the unemployment rate? A) 51 percent
B) 6.2 percent
C) 4.9 percent
D) 9.5 percent
E) 4.6 percent
D
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If people have a sudden decrease in confidence in the open economy of the U.S. and no longer want to invest there, the NCO:
A. increases, and the demand for loanable funds curve would shift right. B. decreases, and the demand for loanable funds curve would shift left. C. decreases, and the demand for loanable funds curve would shift right. D. increases, and the demand for loanable funds curve would shift left.
A bank's assets consist of $1,000,000 in total reserves, $2,100,000 in loans, and a building worth $1,200,000 . Its liabilities and capital consist of $3,000,000 in demand deposits and $1,300,000 in capital. If the required reserve ratio is 20 percent, what is the level of the bank's excess reserves? How much money could the excess reserves be used to create in the banking system as a result?
a. $600,000; $600,000 b. $600,000; $3,000,000 c. $400,000; $400,000 d. $400,000; $2,000,000
There is a positive relationship between the quantity of reserves supplied and the federal funds rate.
Answer the following statement true (T) or false (F)
In which of the following industries or sectors of the economy will business cycle fluctuations likely have the greatest effect on output?
A. Military goods. B. Capital goods. C. Textile products. D. Agricultural commodities.