Frictional, structural and cyclical unemployment are three classifications of unemployment
Indicate whether the statement is true or false
TRUE
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European banks began with
A. Monarchs were the first bankers, lending out cash to help the poor learn a craft.
B. Churches were the first bankers, lending out cash to help the poor learn a craft.
C. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money.
D. Fishermen were the first bankers, and the paper receipts they issued for fish they stored in the hulls of their ships became valued as money.
Credit cards are i. a generally accepted form of payment and therefore part of M1. ii. included in M1 because you write a check to pay your monthly bill. iii. a means of borrowing money
A) i only B) ii only C) iii only D) i and ii E) i and iii
How does the unemployment rate fluctuate over the business cycle?
What will be an ideal response?
Refer to Figure 1A.1. The slope of the line between the points where income equals 50 and income equals 200 is:
A. 0.2. B. 5. C. 10. D. 50.