While on a construction site, Hank, an electrician, slips and falls on an oil-covered floor and injures his back. Hank is not to blame for the accident, and he will keep his job. However, he must stay home for at least two months while he recuperates. Which of the following will pay benefits to Hank while he recovers?
a. Workman’s compensation insurance
b. Unemployment insurance
c. Secondary insurance
d. Liability insurance
a. Workman’s compensation insurance
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The market demand curve is calculated by:
a) Summing the quantities demanded from individual demand curves. b) Averaging the price demanded from individual demand curves. c) Averaging the quantities demanded from individual demand curves. d) Summing the price from individual demand curves.
In the United States, day-to-day decisions about monetary policy are carried out by
A) the Board of Governors. B) the Chairman of the Board of Governors. C) the Federal Open Market Committee. D) the Open Market desk in New York. E) none of the above
In 2014, some European countries were dealing with a recession. Workers who were laid off in those countries due to the economic downturn would be
A. cyclically unemployed. B. seasonally unemployed. C. structurally unemployed. D. frictionally unemployed.
Inflation caused by an increase in aggregate spending is referred to as:
A. Cost-push inflation B. Anticipated inflation C. Demand-pull inflation D. Hyperinflation