Compared to the central bank response to the financial crisis in 2007-2009, the response to the Great Depression of the 1930s may be characterized as ________, while the response of Japan's central bank to the banking crisis in the early 1990s merits
the label ________. A) hasty; sluggish
B) intrusive; tenacious
C) complacent; indulgent
D) corrupt; technocratic
C
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Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people frictionally unemployed for the year 2006.
A. 100 B. 200 C. -100 D. 0
The revenue collected by an income tax is a function of the average tax rate
a. True b. False
When workers subdivide the tasks of a job in such a way so as to become more efficient, economists refer to this as
A. the degrees of freedom. B. the division of tasks. C. the division of labor. D. the separation of powers.
A friend claims that the United States is a net international debtor. The best way of testing this claim is to see whether
A. U.S. foreign liabilities exceeded U.S. foreign income. B. U.S. official reserve assets were positive or negative. C. U.S. receipts from foreign assets exceeded U.S. payments to foreign owners of U.S. assets. D. the United States ran a balance of payments surplus or deficit last year.