Structural unemployment occurs when:
a. there are changes in the business cycle
b. there are fundamental changes in the nature of the economy.
c. workers are moving between jobs.
d. workers have given up looking for a job because they are discouraged about their prospects.
b
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The Federal Open Market Committee (FOMC)
A. provides advice on banking stability to the Fed. B. follows the actions and operations of financial markets to keep them open and competitive. C. sets policy on the sale and purchase of government bonds by the Fed. D. monitors regulatory banking laws for member banks.
The current U.S. unemployment insurance program
a. tends to significantly lower the unemployment rate. b. tends to modestly lower the unemployment rate. c. has no effect on the unemployment rate. d. tends to raise the unemployment rate.
How can minimum wage laws, which are supposed to help workers, have a negative impact on producers and the economy?
What will be an ideal response?
Suppose the one-year nominal interest rate is 2.0% in the United States and 5.0% in Canada. Should you hold Canadian bonds or U.S. bonds? Explain
What will be an ideal response?