Because employment actually continued to fall at the beginning of the recoveries that began in 1991, 2001, and 2009, these recoveries have come to be known as
A. non-recoveries.
B. jobless recoveries.
C. pseudo recoveries.
D. double-dip recoveries.
Answer: B
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If float is predicted to decrease because of unseasonably good weather, the manager of the trading desk at the Federal Reserve Bank of New York will likely conduct a ________ open market ________ of securities
A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
Census data on the income distribution among families in the United States in recent years show
a. a rising share earned by the top fifth and a declining share earned by the bottom fifth b. a rising share earned by the bottom fifth and a declining share earned by the top fifth c. both the share earned by the top fifth and the share earned by the bottom fifth rising d. both the share earned by the top fifth and the share earned by the bottom fifth falling e. falling total income in the top fifth
The use of money as a unit of account:
a. discourages specialization and division of labor. b. inhibits the exchange of goods and services. c. makes it difficult to compare the relative values of goods and services. d. lowers information costs relative to barter. e. relies on the existence of a double coincidence of wants.
Which of the following is a valid difference between deflation and disinflation? a. Deflation is a fall in average price levels, but disinflation is a reduced rate of inflation
b. Disinflation is a fall in average price levels, but deflation is a reduced rate of inflation. c. Disinflation is a significant rise in average price levels, but deflation is a reduced rate of inflation. d. Disinflation is a fall in average price levels, but deflation is a significant rise in average price levels.