The extra unemployment that occurs during periods of recessions is called ________ unemployment.
A. global
B. structural
C. cyclical
D. frictional
Answer: C
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Which of the following is not an example of a trade restriction?
A) quotas and voluntary export restraints B) tariffs C) consumer preferences for goods produced domestically D) legislation requiring that cars sold in a country have a 50 percent domestic content
In the case against AT&T, it was forced to give up its ______________.
Fill in the blank(s) with the appropriate word(s).
The likelihood that the Fed will implement a change that will seriously harm the economy is minimized by the fact that:
A. there is decision making by committee. B. Congress can remove the Chairman of the Fed at any time. C. the Board of Governors ultimately must answer to the U.S. President since he can replace them. D. only bright, well-intentioned people are appointed to key roles at the Fed.
The transaction demand for money comes mostly from the fact that:
A. money is a store of value. B. money is a medium of exchange. C. money is a unit of account. D. money has low opportunity cost.