All of the following would increase the natural rate of unemployment EXCEPT
A) union activity restricts the mobility of labor.
B) government licensing of teachers restricts employment.
C) a mismatch of skills and jobs.
D) a downturn in the economy.
D
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Which of the following actions by the Fed would increase the money supply?
a. Reducing the required reserve ratio. b. Selling government bonds in the open market. c. Increasing the discount rate. d. None of these.
Which of the following factors weakens the case for private-sector provision of goods and services relative to public-sector provision?
a. constitutional rules b. the shortsightedness effect c. the special-interest effect d. public goods
The value of the money multiplier depends on
A. the reserve ratio. B. the interest rate offered on bonds currently being purchased by the Fed. C. the interest rate offered on bonds currently being sold by the Fed. D. the ratio of total assets to total liabilities for the banking system as a whole.
For country Gamma the opportunity cost for producing 1 computer is 10 tons of steel. For country Beta the opportunity cost for producing 1 computer is 6 tons of steel. Which country has the comparative advantage in the production of steel?
A) Beta B) Gamma C) Both have the comparative advantage in the production of steel. D) Neither country has the comparative advantage in the production of steel. E) More information is needed to determine which of the two nations has the comparative advantage.