Which of the following is correct?
a. Typically more than one-third of the unemployed are new entrants into the job market.
b. Most spells of unemployment are short.
c. Most unemployment observed at any time is long term.
d. All of the above are correct.
d
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What is quantitative easing? What was the Fed's objective in implementing quantitative easing?
What will be an ideal response?
Compared to perfect competition, monopoly
A. provides less output. B. charges a higher price. C. results in higher cost (inefficient) production. D. All of these responses are correct.
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $70 million b. $40 million c. $10 million d. $30 million e. $100 million
The primary advantage to selling pollution permits rather than using a fixed percent reduction for all firms is that:
A. enforcement costs are eliminated. B. the government can raise additional revenue. C. pollution reduction is accomplished in the least costly way possible. D. pollution is driven to zero.