The short-term unemployment arising from the process of matching workers with jobs is called
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) seasonal unemployment.
Answer: A
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All else equal, if oil prices decrease, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________
A) decrease; increase. B) decrease; decrease C) increase; increase D) increase; decrease
Many economists thought the Fed should have lowered the federal funds rate less aggressively in late 2007 and throughout 2008
a. True b. False
If the money rate of interest is 9 percent and the real rate of interest 6 percent, the inflationary premium is
a. 3 percent. b. 6 percent. c. 9 percent. d. 12 percent.
Liabilities of commercial banks show up on the Fed's balance sheet as part of its:
A. loans. B. foreign exchange reserves. C. liabilities. D. securities.