Which of the following is the rate of unemployment that occurs after all adjustments in the labor market have occurred?
A) the structural rate of unemployment B) the cyclical rate of unemployment
C) the natural rate of unemployment D) the frictional rate of unemployment
C
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Institutions that make loans to borrowers and obtain funds from savers are called
A) financial markets. B) financial intermediaries. C) financial conglomerates. D) financial branches.
The concept of vertical equity is that
a. income should be taxed instead of property. b. property should be taxed instead of income. c. there should be little movement up or down the social scale. d. persons who are unequal should be treated unequally.
Which of the following is a function that is performed by the Federal Reserve?
a) To clear checks. b) To keep inflation high. c) To keep employment high. d) To keep interest rates low.
One criterion used to judge the performance of any economic system is
A. equity. B. nominal growth. C. inflation. D. revenue generation.