If a sizable number of workers were switched from full-time to half-time employment, then the official unemployment rate would:
A. rise.
B. fall.
C. remain unchanged.
D. react unpredictably.
Answer: C
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The Fisher effect ________
A) comes from combining the Fisher equation and the classical dichotomy B) predicts that in the long run nominal rates will rise with increases in expected inflation C) shows that in high inflation we typically see high nominal interest rates D) all of the above E) none of the above
The large number of bank failures in Texas and Oklahoma was related to a decline in the price of oil
Indicate whether the statement is true or false
Which of the following would lead to a change in the money measure, M1?
A) a customer purchases music downloads with a debit card B) a customer withdraws funds from her checking account to purchase a 6-month time deposit C) depositing a paycheck drawn against Bank of America into your checking account in Wells Fargo Bank D) interest payments by the Treasury on its debt
A comprehensive tax of 15% on all forms of income with no deductions or exclusions is an example of a
A. proportional tax. B. rate tax. C. progressive tax. D. regressive tax.