Using the Rule of 72, how long will it take something growing at 6% per year to double?
A. 432 years
B. 100 years
C. 72 years
D. 12 years
Answer: D
Economics
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When there is a decrease in labor supply, real wages are likely to
A) remain the same. B) decrease. C) increase. D) allow less leisure time.
Economics
Which of the following best describes disposable income?
a. Income after expenses and taxes b. Income after taxes c. Income after expenses d. Income after taxes and payroll deductions
Economics
If the Federal Reserve purchases $1,000 in bonds and the reserve requirement ratio is 0.2, what will be the total change in reserves at all banks assuming there are no excess reserves?
a. +$500 b. +$5,000 c. -$500 d. -$5,000 e. +$1,000
Economics
Which of the following does NOT contribute directly to the persistence of structural unemployment
What will be an ideal response?
Economics