Which of the following examples would most likely be an unintended consequence of minimum wage?
a. Omar is fired from his low-skilled job but receives a large severance package.
b. Linda receives on-the-job training, which could lead to a promotion.
c. Josh receives a sizable bonus for the first time.
d. Mary has her vacation time reduced from two weeks to one week.
d. Mary has her vacation time reduced from two weeks to one week.
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Over the Fed's history, it has targeted
a. bank reserves. b. the Federal funds rate. c. monetary aggregates. d. inflation. e. all but d.
If a bank had the reserve requirement of 10 percent and excess reserves of $2,000, the largest loan it could legally extend would be: a. $200
b. $1,800. c. $2,000. d. $20,000.
Which of the following identities regarding the balance of payments must be true?
a. Current-Account Balance + Capital Account Balance + Official Reserve Balance = 0 b. Current-Account Balance + Capital Account Balance + Official Reserve Balance = 1 c. Current-Account Balance + Capital Account Balance + Merchandise Imports = 0 d. Current-Account Balance + Capital Account Balance + Net Financial Inflow = 0
An important determinant of a nation's standard of living in the long run is its net exports
Indicate whether the statement is true or false