What does NOT occur in a fully employed economy?
A. Cyclical unemployment
B. Discouraged workers
C. Frictional unemployment
D. Structural unemployment
A. Cyclical unemployment
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According to the traditional interest-rate channel, expansionary monetary policy lowers the real interest rate, thereby raising expenditure on
A) business fixed investment. B) government expenditure. C) consumer nondurables. D) net exports.
By participating in international financial markets, a nation can finance its government budget deficit in part by ________, which ________ the link between the nation's deficit and its internal private investment
A) buying foreign assets, strengthens B) buying foreign assets, weakens C) selling assets to foreigners, strengthens D) selling assets to foreigners, weakens
Absolute advantage is based on opportunity cost
a. True b. False
Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
a. tendency towards higher unemployment b. tendency towards higher inflation c. usurping authority which should be allocated to Congress d. determining which banks would be allowed to fail