Which of the following is correct? When the Federal Reserve buys government securities from the public, the money supply:
A. contracts and commercial bank reserves increase.
B. expands and commercial bank reserves decrease.
C. contracts and commercial bank reserves decrease.
D. expands and commercial bank reserves increase.
D. expands and commercial bank reserves increase.
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Which of the following are examples of involuntary risks?
a. skydiving d. (b) and (c) only b. mountain climbing e. none of the above c. being exposed to secondhand smoke
Identify which of the following people would be considered either employed, unemployed, or not in the labor force:
a. Alejandro just lost his job at an automobile assembly plant and is looking for work in another industry. b. Bonnie quit her job 6 months ago to take care of her newborn triplets. c. Cheyenne just received her bachelor's degree in accounting and is going to backpack through Europe for 6 months before seeking employment as an auditor. d. Danitra owns a talent agency which provides clowns for children's birthday parties. e. Edgar is a full-time student and is working 10 hours each week as a lab assistant at Faber College. f. Flavio was awarded a $10 million settlement from his former employer and has chosen to retire.
The cumulative probability distribution shows the probability
A) that a random variable is less than or equal to a particular value. B) of two or more events occurring at once. C) of all possible events occurring. D) that a random variable takes on a particular value given that another event has happened.
The substitution effect of a change in wage rate on a firm's demand for labor input will be more significant
a. the greater the change in output. b. the more sharply curved are the firm's isoquants. c. the flatter are the firm's isoquants. d. the larger the quantity of labor employed.