In a recession, typically
A) unemployment rises.
B) the employment-to-population ratio decreases.
C) the employment-to-population rate rises.
D) the labour force participation rate rises.
E) both A and B are correct.
E) both A and B are correct.
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The Second Bank of the United States lost its charter, in part, because Andrew Jackson effectively argued to the voting members of Congress that the "central" bank was a monopoly and largely influenced by the corrupt and fraudulent behavior of a
wealthy minority and foreign investors. Indicate whether the statement is true or false
The equilibrium quantity of Smids would be found by
a. choosing a quantity that generated the highest market price b. setting price equal to the revenue target desired by firms c. solving for the price that generates the maximum revenue for sellers d. choosing the quantity desired by consumers and working backward to solve for theprice associated with that quantity e. determining the price and quantity where the demand and supply curves intersect
Suppose a bank has $1 million in deposits, a required reserve ratio of 25 percent, and total reserves of $600,000. Then it has excess reserves of
A. $350,000. B. $250,000. C. $1,000,000. D. $600,000.
According to a 1977 amendment to the Federal Reserve Act of 1913, what are the goals the Fed should promote?