If the average duration of unemployment is increasing, real GDP is most likely
A) beginning to rise.
B) remaining stable.
C) getting ready to decrease.
D) already decreasing.
D
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When the Fed conducts an open market operation by purchasing securities from a bank, ________
A) public holdings of securities increase B) the bank's deposits increase but its reserves do not change C) the bank's deposits increase but its reserves decrease D) the bank's reserves increase
A firm's total profit can be calculated as all of the following except
A) total revenue minus total cost. B) (price minus average total cost) times quantity sold. C) average profit per unit times quantity sold. D) marginal profit times quantity sold.
NAFTA was a controversial issue in the 2008 presidential campaign, particularly in the Democratic primaries
Indicate whether the statement is true or false
Today, central banks __________ intervene to influence floating exchange rates
A) never B) seldom C) frequently D) are required