The unemployment that results from the process of matching workers and jobs is called structural unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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In the Great Depression, the financial sector collapsed, as
A) banks engaged in ruinous competition. B) the stock market boomed, so people withdrew most of their funds from banks and invested heavily in stocks. C) the bond market boomed, so people withdrew most of their funds from banks and invested heavily in bonds. D) many banks closed.
A sustained fall in the aggregate price level is called:
A. economic decline. B. deflation. C. economic growth. D. inflation.
Suppose aggregate demand shifts to the left and policymakers want to stabilize output. What can they do?
a. repeal an investment tax credit or increase the money supply b. repeal an investment tax credit or decrease the money supply c. institute an investment tax credit or increase the money supply d. institute an investment tax credit or decrease the money supply
The M1 definition of the money supply includes all of the following EXCEPT
A. savings accounts. B. transaction deposits. C. currency. D. travelers checks.