The total civilian labor force is comprised of
A. all individuals over 16 years of age, whether or not they work or are seeking work.
B. only full-time employed individuals between the ages of 18 and 55.
C. only the employed.
D. the unemployed and the employed.
Answer: D
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Checks ________ money and credit cards ________ money
A) are; are B) are not; are C) are; are not D) are not; are not
Health clubs typically experience an increase in one-year memberships in January, but many new customers cancel their memberships before the end of the year. Which of the following is the best explanation for this behavior?
A) Some people fail to treat their membership fees as sunk costs. B) Some people are overly optimistic about their future behavior. C) Some members receive utility from activities they believe are popular. D) Some health club members suffer minor injuries that prevent them from working out.
Which of the following will lower the money multiplier?
a. An increase in the currency/checkable deposit ratio b. A decrease in the excess reserve/checkable deposit ratio c. A decrease in the required reserve/checkable deposit ratio d. Either a or b e. All of the above
None of the transition economies avoided the transition recession
a. True b. False