One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of women who work outside the home.
B. the drop in the number of men who only work part-time.
C. the steady decline in the number of women who work.
D. the increase in the ratio of male workers to female workers.
E. the major increase in the number of men who work away from the home or farm.
Answer: A
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The components of M2 that are not also in M1:
A. pay lower rates of interest than do the components of M1. B. sum to an amount that is smaller than the sum of the components of M1. C. are usable for making payments, but at a greater cost or inconvenience than currency or checks. D. are not usable for making payments.
It is useful to study the Solow growth model because
A) it provides a useful account of the reasons for population growth. B) it is useful in understanding the sources of economic growth after 1800. C) it has a steady state. D) it can help us understand the reasons for population control.
If Bank A borrows from Bank B, reserves in the banking system __________. If Bank A borrows from the Fed, reserves in the banking system __________
A) rise; fall B) fall; remain unchanged C) remain unchanged; remain unchanged D) remain unchanged; rise E) rise; remain unchanged
If external benefits occur when a good is consumed, then the government should:
a) Enforce antitrust laws against producers of the good. b) Make transfer payments to those who incur the externalities. c) Tax the producers of the good. d) Subsidize the consumption or production of the good.