Unemployment in 1939, after a decade of recession and depression, still exceeded 10 percent
Indicate whether the statement is true or false
True
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In the market for reserves, a lower interest rate paid on excess reserves
A) decreases the supply of reserves. B) increases the supply of reserves. C) decreases the effective floor for the federal funds rate. D) increases the effective floor for the federal funds rate.
One strategic barrier that may keep new firms out of a market is
a. producing where marginal cost equals marginal revenue b. a low minimum efficient scale c. bounded markup pricing d. efficiency wages, which may make it impossible for new entrants to compete profitably e. excess capacity, which may serve as a signal to new entrants to stay away
In spite of the fact that unemployment rates were at a 30-year low in 1996-2000 . the United States economy also experienced
a. declining inflation. b. balance of payments surpluses. c. large budget deficits. d. low growth.
Buying insurance and then never making a claim:
A. means buying the insurance was a bad decision. B. does not mean buying the insurance was a bad decision. C. is a poor use of money. D. is considered by economists to be irrational behavior.