Unemployment insurance:
A. is an explanation for why wages do not reach equilibrium.
B. can affect how quickly people find jobs.
C. will not affect the natural rate of unemployment.
D. is a mandated federal policy all states must adhere to.
B. can affect how quickly people find jobs.
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The price elasticity of output supply is greater in the long run than in the short run.
Answer the following statement true (T) or false (F)
The passive approach to resolve a contractionary gap results in a decrease in the price level, and the active approach to resolve a contractionary gap results in an increase in the price level
Indicate whether the statement is true or false
Checks are cleared between private banks by:
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Federal Reserve Board of Governors. D. State banking commissions.
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.