As the economy recovered from the 2008-2009 recession during 2010-2013 the employment/population ratio
a. rose sharply during the expansion.
b. remained well below the rates achieved prior to the recession.
c. remained well above the rates achieved prior to the recession.
d. rose even though the labor force participation rate was declining.
B
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A change in all of the following variables will change the market demand for a product except
A) the price of the product. B) tastes. C) income. D) population and demographics.
When a bank pays a check drawn on a customer's account to another bank, the bank loses
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
Monetary policy credibility has the benefit of ________
A) stabilizing inflation in the short run when faced with positive demand shocks B) stabilizing economic activity in the short run when faced with positive demand shocks C) transmitting the effect of aggregate demand shocks onto short-run aggregate supply D) enhancing the job opportunities of Federal Reserve officials after they leave the central bank
Which of the following countries has the lowest export ratio?
A. Haiti. B. The United States. C. India. D. Samoa.