During an economic boom period, the actual rate of unemployment will be
a. less than the natural rate of unemployment.
b. greater than the natural rate of unemployment.
c. equal to the natural rate of unemployment.
d. unaffected by the economic expansion.
A
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The federal funds market is the market where:
a. the federal government raises funds to cover its budget deficit. b. the Federal Reserve System makes loans to commercial banks. c. commercial banks with excess reserves make loans to commercial banks seeking reserves. d. commercial banks make loans to the Federal Reserve.
Which of the following could be an institutional barrier to employment?
a. all of the above b. minimum wages c. labor unions d. licensing requirements
If we were on curve K, the poorest quintile received about _____% of income.
A. 3
B. 6
C. 13
D. 20
The average tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income B) the change in taxable income divided by the change in taxes due C) total taxes due divided by total taxable income D) total taxable income divided by total taxes due