Suppose that Jason quits a job with Corporation A in order to look for more rewarding employment. Jason would be
A. counted as frictionally unemployed.
B. counted as cyclically unemployed.
C. included in the economy's "hidden employment."
D. counted as still being employed.
Answer: A
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The production possibilities frontier shifts as
A) tastes and preferences change. B) the money supply grows or shrinks. C) technology changes. D) the unemployment rate changes.
Junk bonds are defined as those bonds the rating services consider to be
A) investment grade. B) high risk or speculative grade. C) financial grade. D) in default.
Taken as a whole, antipoverty programs may actually put a poor family in a position in which the family becomes worse off if its earnings rise.
Answer the following statement true (T) or false (F)
Under a system of flexible exchange rates, which of the following will cause the nation's currency to depreciate in the exchange market?
a. an increase in foreign incomes b. a domestic inflation rate of 10 percent while the nation's trading partners are experiencing stable prices c. an increase in domestic interest rates d. a reduction in interest rates abroad