During a recession, the average duration of unemployment tends to
A) be unpredictable.
B) be about the same as during an expansion.
C) decrease.
D) increase.
E) remain constant.
D
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If taxes go up and all else remains equal, then consumption should:
a. rise by more than the tax increase. b. rise by the same amount as the tax increase. c. rise by less than the tax increase. d. fall.
If a tariff is imposed on imported televisions, we expect domestic demand for televisions to:
A) fall, and the total supply to increase. B) rise, and the total supply to decrease. C) rise, and the total supply to rise. D) remain unchanged, and the total supply to decrease.
Big Bucks Bank currently holds $20 million in excess reserves. If the Fed increases the rate of interest it pays on reserves held at the Fed, we would expect Big Bucks Bank to:
A. use those excess reserves to increase its lending. B. not change its lending activity, as excess reserves are not eligible to receive interest paid on reserve accounts. C. move a portion of those excess reserves into its required reserve account. D. hold more of those excess reserves in its reserve account at the Fed, reducing the amount it is willing to lend.
Suppose that net investment in 2016 was $20 billion and depreciation was $4 billion. Gross investment in 2016 was
A. $16 billion. B. $20 billion. C. $24 billion. D. $28 billion.