In the United States, the unemployment rate for women is typically ________ than it is for men, and the typical woman earns ________ than typical man earns
A) higher; more
B) higher; less
C) lower; more
D) lower; less
D
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The leadership of the Federal Reserve System is provided by
A) the Board of Governors. B) the Federal Advisory Committee. C) the Federal Open Market Committee. D) the directors of the twelve Federal Reserve banks.
Firms tend to raise the price of their goods after acquiring a firm that sells a substitute because
a. They lose market power b. There is an increase in the overall demand for their products c. The bundle has a more elastic demand than individual goods d. The bundle has a more inelastic demand than individual goods
Which of the following decreases U.S. aggregate demand?
a. a lower price level, increasing citizen's real wealth b. a lower price level, reducing interest rates c. a lower price level, increasing exports and decreasing imports d. None of the above decrease U.S. aggregate demand.
The best example of a "frictionally unemployed" worker is one who:
a. Is in the process of voluntarily switching jobs b. Is discouraged and not actively seeking work c. Is laid off during a recessionary period in the economy d. Reduces productivity by causing frictions in a business