Which of the following annual real GDP growth rates would be needed to prevent the U.S. unemployment rate from rising?
a. 3.3 percent
b. 2.5 percent
c. 10.0 percent
d. 5.0 percent
e. 1.0 percent
A
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What would cause a bank run?
A) Depositors feel that the bank does not have sufficient assets to cover their deposits. B) Bank managers choose to hold more excess reserves. C) Depositors feel that they are earning too low of a return on their deposits. D) Borrowers feel that they are being charged too high of an interest rate on their loans.
The civilian labor force excludes anyone not actively seeking a job
a. True b. False Indicate whether the statement is true or false
The CPI but not the GDP deflator takes into account
a. The prices of imports that consumers buy b. Investment goods bought by businesses c. Goods bought by the government d. None of the above
Commercial banks ________ through making loans.
A. create money B. conduct open market operations C. decrease M1 D. change the reserve requirement