Open market operations are when the Fed buys or sells
A) government securities from the government.
B) corporate securities from banks or some other business.
C) government securities from banks or some other business.
D) corporate securities from the government.
E) gold.
C
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Human capital refers to the:
A. Stock of knowledge and skills that enables a person to be productive and earn income B. Number of workers in a country's labor force C. Number of labor hours worked in a country D. Schools, highways, and other infrastructure that increases labor productivity
Refer to Figure 11-2. Short run output is maximized at
A) L1. B) L2. C) L3. D) insufficient information to determine
If a percentage decrease in money supply is followed by a proportional percentage decrease in prices and output, this means that:
a. the velocity of money is constant. b. the economy is in a recession. c. the velocity of money has fallen. d. real GDP is constant. e. the economy is not at maximum capacity
Within an occupation, when a given job provides steadier work (fewer layoffs), the hourly wage tends to be
a. no different from wage rates in jobs that are otherwise similar. b. lower than wage rates in jobs that are otherwise similar. c. higher than wage rates in jobs that are otherwise similar. d. determined by factors other than supply and demand.