Jacqueline, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top ten universities in her field. What type of unemployment is she experiencing?
What will be an ideal response?
Frictional
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Discuss the differences between developing and emerging market economies
What will be an ideal response?
In equilibrium the typical investor __________
a. prefers high risk assets to low risk assets b. prefers low risk assets to high risk assets c. is indifferent between buying low and high risk assets d. does not stay in the market
Why is monetary policy more effective in an open economy than in a closed economy?
a. Trade deficits affect exchange rates, which can offset adverse interest rate effects. b. Borrowers can choose to use foreign capital, so that interest rate effects are stronger than expected. c. Interest rate changes affect exchange rates, so that capital flows reinforce the effect of monetary policy. d. Banks can choose to lend to foreigners, so that interest rate effects are essentially nullified.
In the United States, those most likely to be uninsured are:
a. low-income children. b. low-income adults. c. middle class adults. d. middle class children.