Search and wait unemployment is another way to describe:
A. frictional unemployment.
B. structural unemployment.
C. cyclical unemployment.
D. noncyclical unemployment.
Answer: A
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"Coffee Prices Sink As Demand Falls." The newspaper heading
A) assumes the law of demand does not hold. B) confuses demand with quantity demanded. C) misunderstands the role of supply in price formation. D) reverses the actual relationship between price and demand. E) uses the concept of demand correctly.
Compare the growth rates in Hong Kong, Korea, Singapore, Taiwan, China, and the United States. In terms of real GDP per person, how far is China behind these others?
What will be an ideal response?
Which of the following acts required that financial derivatives be traded in established, regulated markets?
A. Glass-Steagall Banking Act B. Gramm-Leach-Bliley Financial Services Modernization Act C. Dodd-Frank Wall Street Reform and Consumer Protection Act D. Celler-Kefauver Financial Reform Act
If banks are fully loaned up, have no excess reserves, and the required reserve ratio is raised, the amount that banks can lend is:
a. reduced and the money supply contracts. b. reduced and the money supply expands. c. reduced and there is no change in the money supply. d. increased and the money supply expands. e. increased and the money supply contracts.