Little Richie Lemons, a thirteen-year-old former lemonade stand owner, quit the business and now searches for an after-school job. Is he officially unemployed?
A) No, because he was never employed in the first place.
B) No, because he is under 16 years old.
C) Yes, because he is no longer self-employed.
D) Yes, because he is looking for work.
B
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A trade surplus exists if export spending is less than import spending
Indicate whether the statement is true or false
The real seignorage collected by the government in an all-currency economy is the product of
A) the rate of inflation and the real supply of government bonds. B) the rate of inflation and the real money supply. C) the debt—GDP ratio and the real money supply. D) the debt—GDP ratio and the rate of inflation.
The sale of foreign assets by a central bank accompanied by an open market purchase of securities of the same size results in:
A) a reduction in the monetary base B) an increase in the monetary base C) a sterilized intervention D) an unsterilized intervention
If the supply of loanable funds shifts right, then the equilibrium
a. interest rate falls, so domestic residents will want to purchase more foreign assets. b. interest rate falls, so domestic residents will want to purchase fewer foreign assets. c. interest rate rises, so domestic residents will want to purchase more foreign assets. d. interest rate rises, so domestic residents will want to purchase fewer foreign assets.