Nonactivists believe that ________
A) there is a very rapid self-correcting mechanism since prices and wages are very flexible
B) lags to policy implementation are so long that even the "correct" policies may lead to undesirable consequences
C) policy interventions should take place less frequently than what Keynesians advocate
D) all of the above
E) none of the above
D
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Discouraged workers are considered unemployed
Indicate whether the statement is true or false
Suppose an economy has the following characteristics: 100 people in the noninstitutional population; 60 people employed; 20 people not in the labor force. How many people are in the economy's labor force?
A) 20 B) 40 C) 60 D) 80 E) 100
The process in which people seeking higher yielding securities take their funds out of the banking system thus restricting the amount of funds banks can lend is called
A) capital mobility. B) loophole mining. C) disintermediation. D) deposit jumping.
Which of the following corresponds to the definition of the supply curve?
a. It depicts a positive relationship between income and quantity supplied b. It depicts a positive relationship between technology and prices c. It depicts a positive relationship between prices and quantity supplied d. It depicts a negative relationship between prices and quantity supplied e. It depicts a proportional relationship between prices and quantity supplied