The unemployment rate for the U.S. economy in 2014 averaged about
A. 10.2 percent.
B. 8.5 percent.
C. 6.5 percent.
D. 4 percent.
Answer: C
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In the foreign exchange market, the supply curve for dollars slopes upwards because
A) as the exchange rate rises, imports become more expensive, and more dollars are supplied to pay for the imports. B) as the exchange rate rises, imports become cheaper, and more dollars are supplied to pay for the increase in the quantity of imports. C) as the exchange rate rises, more dollars are supplied since the profit from selling dollars falls. D) supply curves always slope upwards.
Suppose you found $3,000 hidden in your closet and deposited it in a demand deposit account at your bank. If the reserve requirement was 40 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves
a. $1,800; $7,500 b. $1,800; $5,400 c. $3,000; $7,500 d. $3,000; $3,000
If asset prices fall and inflation expectations remain unchanged, what happens to inflation and unemployment? Defend your answer
Jill likes lobsters but she does NOT eat lobsters in every meal. How can utility theory explain this?
What will be an ideal response?