A job loser is an individual
A. who used to work full time but left the labor force and has now reentered it looking for a job.
B. who has never held a full-time job lasting two weeks or longer but is now seeking employment.
C. in the labor force whose employment was involuntarily terminated.
D. in the labor force who quits voluntarily.
Answer: C
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Refer to the game between James and Theodore depicted in Figure 12.1. Which of the following is true?
A. If James chooses Up, Theodore's best response is to choose Right.
B. If James chooses Down, Theodore's best response is to choose Right.
C. If Theodore chooses Left, James's best response is to choose Up.
D. If Theodore chooses Right, James's best response is to choose Up.
Which of the following measures did the Fed take during the uncertain days following the terrorist attacks of September 11, 2001? a. The Fed tightened regulations in the financial markets
b. The Fed increased the discount rate. c. The Fed bought all the government securities up for sale. d. The Fed increased the reserve requirement ratio. e. The Fed demanded interest on the bank reserves held at the Fed.
When Kim in Korea buys stock in GE (General Electric), NCO:
A. decreases. B. is unaffected. C. increases. D. is zero.
The model of the market for loanable funds shows that an investment tax credit will cause interest rates to rise and investment to rise. Yet we also suppose that higher interest rates lead to lower investment. How can these two conclusions be reconciled?