Earnings mobility is pervasive
Indicate whether the statement is true or false
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Which of the following would NOT be counted as employed?
A) an underemployed person B) an employee working overtime every day C) a part-time worker D) a discouraged worker
A realized capital gain is
a. the difference between the price of a share of stock and what the investor paid for it (i.e., the broker's fee) b. the difference between the original value of a piece of equipment and its depreciated value c. an increase in the net worth of a sole proprietorship or partnership d. an increase in the market value of a share of stock held by an individual e. the difference between the selling price and the purchase price of a share of stock
Open market purchases of bonds by the Federal Reserve eventually
a. reduce the pressures on bond markets b. increase real GDP c. lead to open market sales of bonds d. increase the interest rate e. encourage tax increases
A bank has a reserve requirement of 0.08. If it has demand deposits of $200,000 and is holding $4,000 in reserves:
A. the bank is not meeting its reserve requirement. B. all the bank's reserves are excess reserves. C. the bank is holding $2,000 in excess reserves. D. the bank could extend additional loans and still meet its reserve requirement.