The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than
B. a little lower than
C. about the same as
D. a little higher than
A. much lower than
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The Fed's objectives present it with a true dilemma when
a. there are demand shocks caused by shifts in money demand b. there are demand shocks caused by changes in spending c. there are negative supply shocks d. cyclical unemployment exists e. there is member bank opposition
There is an adverse supply shock. In response the Federal Reserve pursues an expansionary monetary policy. Taking into account both the shock and the Federal Reserve's policy, which of the following are we sure of?
a. unemployment will be higher b. unemployment will be lower c. inflation will be higher d. inflation will be lower
Exhibit 15-7 Lower Walloon National Bank Assets Liabilities Reserves$10,000 Checkable deposits$10,000 In Exhibit 15-7, if the required reserve ratio is 20 percent for all banks, and every bank in the banking system loans out all of its excess reserves. Then a $10,000 deposit from Mr. Brown in checkable deposits could create for the entire banking system:
A. $8,000 worth of new money. B. $2,000 worth of new money. C. $10,000 worth of new money. D. $40,000 worth of new money.
Suppose that the training, skills, and attitudes received by employees in the computer gaming development industry have positive spillover effects as workers leave the industry and move to other jobs. The specificity rule suggests that the best way to achieve more employment in this industry is to
A. impose a tariff on the importation of computer games. B. give computer game developing firms a subsidy tied to their level of employment. C. remove all sales taxes from the purchases of computer games. D. tax the production of computer games.