The advice to "retrain" would be most appropriate for which of the following types of unemployment?
A) frictional unemployment
B) structural unemployment
C) cyclical unemployment
D) core unemployment
Answer: B
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________ occurs when the Fed creates a large amount of reserves to buy long-term bonds from banks
A) Budgetary surplus B) Monetary neutrality C) Money illusion D) Quantitative easing
A drop in six-month LIBOR is good news to __________ in a swap contract
A) the fixed-rate payer B) the floating-rate payer C) both payers D) neither payer
What is the most likely effect when the price level in the United States decreases relative to the price level in other countries, ceteris paribus?
a. U.S. consumers will buy more foreign goods and services, decreasing the quantity of real GDP demanded. b. Foreign consumers will buy fewer U.S. goods and services, increasing U.S. exports. c. U.S. and foreign consumers will buy more U.S. goods and services, increasing the quantity of real GDP demanded. d. U.S. and foreign consumers will buy fewer U.S. goods and services, increasing U.S. exports.
Institutionally-focused economists argue:
A. the equation of exchange is incorrect. B. the equation of exchange should be read from left to right. C. the equation of exchange should be read from right to left. D. both the quantity theory and the equation of exchange are incorrect.