An economic recession produces
A) a decrease in cyclical unemployment.
B) an increase in structural unemployment.
C) a decrease in natural unemployment.
D) an increase in cyclical unemployment.
E) an increase in natural unemployment.
D
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The Federal Reserve will engage in a matched sale-purchase transaction when it wants to ________ reserves ________ in the banking system
A) increase; permanently B) increase; temporarily C) decrease; temporarily D) decrease; permanently
Why is responding to a financial crisis by bailing out financial institutions more effective than direct support of nonfinancial businesses?
What will be an ideal response?
Foreign nations' demand for dollars increases as
a. Americans travel abroad b. foreigners purchase American goods c. Americans purchase foreign goods d. Americans buy foreign stocks or bonds e. Americans send cash gifts abroad
A single-price monopoly with the same market demand and cost structure as a perfectly competitive market will produce
a. the same output level at the same price as the perfectly competitive market b. less because the monopolist will not produce all units for which marginal revenue exceeds its marginal cost c. less since the monopolist's marginal revenue curve lies below its demand curve d. more because the monopolist will be more efficient e. more because the monopolist's marginal cost curve slopes upward