Unemployment insurance:
A. has a set minimum in the US.
B. is typically 32 weeks in the US, except for times of unusually high unemployment.
C. varies widely across countries.
D. All of these are true.
Answer: C
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A consumer is willing to purchase a product up to the point where
A) he spends all of his income. B) the marginal benefit is equal to the price of the product. C) he is indifferent between consuming and saving. D) the quantity demanded is equal to the quantity supplied.
Which of the following is associated with an increase in the average price level?
a. A decrease in the aggregate quantity demanded b. An increase in the aggregate quantity demanded c. A leftward shift of the aggregate demand curve d. A decrease in the aggregate quantity supplied e. Aggregate quantity demanded remains unchanged but the aggregate expenditures curve shifts leftward.
An outward shift of the money demand function indicates an increase in the market rate of interest and hence a decrease in the level of investment in the economy
a. True b. False Indicate whether the statement is true or false
Along the horizontal segment of the aggregate supply curve, when real GDP
a. increases, the price level rises b. decreases, the price level falls c. increases, the price level does not change d. increases, the price level falls e. decreases, the price level rises