If employees lose jobs because their skills are obsolete, or their company has moved to another location, this is called:
frictional unemployment
cyclical unemployment
structural unemployment
seasonal unemployment
structural unemployment
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Suppose that the Federal Reserve issued bonds in the amount of $45 million and the reserve requirement was 10%, what would be the resulting change to the monetary base?
A) $45 million B) $450 million C) $4.5 million D) The bond issuance would not impact the monetary base only the money stock.
For products like parking lots and hotels, the relevant costs and benefits for setting price are
a. LRMR and LRMC b. LRMR and SRMC c. SRMR and SRMC d. SRMR and LRMC
Various studies have recommended changes in the Federal Reserve structure and policy that include
a. having Congress set the discount rate. b. placing monetary policy in the control of Congress. c. dissolving the Board of Governors. d. making each appointment to the Board of Governors a lifetime appointment.
If marginal cost exceeds marginal revenue, a profit-maximizing firm should
a. expand output until marginal cost equals marginal revenue. b. expand output until marginal revenue equals price. c. reduce output until marginal cost equals marginal revenue. d. reduce output until price equals average total cost.