If the number of discouraged workers decreases because many of them start to look for work, everything else remaining the same, then the
A) unemployment rate will increase.
B) employment-to-population ratio will decrease.
C) labour force participation rate will increase.
D) labour force participation rate will decrease.
E) both A and C.
A) unemployment rate will increase.
C) labour force participation rate will increase.
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Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 8 percent, then the bank can make a maximum loan of
A) $0. B) $2 million. C) $8 million. D) $10 million.
A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this will
a. Make the demand for the product more elastic b. Make the customers more sensitive to the price c. Not impact the demand for their product d. None of the above
According to Environment Canada, the cornerstone of the Canadian Environmental Protection Act (CEPA) of 1999 is
a. reuse and recycling b. safe disposal of hazardous wastes c. environmental labeling d. pollution prevention
One result of asymmetric information about people's ability to repay a loan is that:
A. loans will only be made to people who don't pay them back. B. a bank could make many loans to people who don't pay them back. C. lenders are better off than with perfect information. D. banks will not make loans.