Which of the following would be an effect of increased technology on the labor market?
A. The advantage to gaining a college education would be reduced.
B. People with high levels of technical skill may see reduced compensation.
C. The unemployment rate would tend to increase.
D. People with fewer skills may face more difficulty getting a job.
Answer: D
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The Fed has adopted an interest rate target for most of the time since World War II
Indicate whether the statement is true or false
During a stock market bubble, the price/earnings [P/E] ratio:
a. hits high levels. b. falls to zero. c. becomes negative. d. remains constant. e. declines to a very low level.
Adverse selection arises when:
A. buyers and sellers with the same information about the quality of a good or the riskiness of a situation seek each other out. B. buyers and sellers have different information about the quality of a good or the riskiness of a situation. C. people behave in a riskier way because they have incomplete information. D. the wants of both parties are aligned with one another.
Inflationary pressure is a growing problem for the economy. Therefore, the Federal Reserve decides to pursue a policy to reduce the inflationary pressure. Which policy changes by the Fed would reinforce each other to achieve that objective?
a. Buying government securities and lowering the discount rate b. Selling government securities and lowering the discount rate c. Selling government securities and raising the discount rate d. Buying government securities and lowering the reserve ratio