According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the highest labor-force participation rate?
a. white males
b. white females
c. black males
d. black females
b
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The required reserves of a bank equal its ________ the required reserve ratio
A) loans divided by B) deposits divided by C) deposits multiplied by D) loans multiplied by
Many professional sports athletes have incentive clauses in their contracts. These indicate that
A) the team owner has asymmetric information. B) the athlete might engage in moral hazard, which the team owner wishes to avoid. C) the athlete might engage in adverse selection, which the team owner wishes to avoid. D) the athlete has stronger negotiators.
The firm's expansion path records
a. profit-maximizing output choices for every possible price. b. cost-minimizing input choices for all possible output levels for when input prices expand along with production. c. cost-minimizing input choices for all possible output levels for a fixed set of input prices. d. cost-minimizing input choices for profit-maximizing output levels.
Under the rational expectations hypothesis, which of the following is the most likely short-run effect of a move to expansionary monetary policy?
a. a higher general level of prices but little or no change in real output b. a higher general level of prices and an expansion in real output c. no change in the general level of prices and a reduction in real output d. no change in either the general level of prices or real output