Which of the following is likely to happen during a boom?
A) The Fed will increase the federal funds rate. B) The Fed will lower the federal funds rate.
C) The Fed will increase the supply of money. D) The Fed will lower the reserve requirement.
A
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If the United States and other developed nations pay the cost of reducing public emissions, developing nations such as China could benefit from the reduction while not contributing to it In this sense, one can think of reducing carbon emissions as being like a
A) quasi-private good. B) private good. C) quasi-public good. D) public good.
Suppose that under its collective bargaining agreement the XYZ Corp can hire nonunion workers, but these workers must join the union within 60 days. This agreement is an example of
A) an open shop. B) a closed shop. C) a company union. D) a union shop.
The LDCs don't invest in capital goods, thereby reducing output potential, increasing poverty, and making future costs of capital investment even higher. This tendency has been referred to as the
a. circular flow b. vicious cycle of poverty c. investment cycle d. business cycle e. economic dualism
Which of the following are policies that can affect cyclical unemployment?
a. adjust interest rates b. provide welfare assistance c. regulate hiring practices d. provide unemployment compensation