Structural unemployment may be particularly severe for
a. younger workers
b. college graduates.
c. older workers.
d. workers with "high tech" skills.
c
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Which criterion for suitability as a medium of exchange do Federal Reserve Notes meet?
A) They are of standardized quality. B) They are durable. C) They are acceptable to most traders. D) Federal Reserve Notes meet all of the criteria for suitability as a medium of exchange.
The size of the reduction in quantity of labor hired by a firm due to an increase in the wage rate depends upon all of the following except
a. what percentage of total costs are made up of labor costs. b. how much quantity demanded in the output market will be reduced by a higher price. c. the capital to labor ratio before the wage increase. d. how easily other inputs can be substituted for labor.
A monopoly whose monopoly power is based on its exclusive access to a resource is always threatened by the possibility of
a. technological change b. patents c. economies of scale in production d. new firms entering the industry e. its position as a natural monopoly
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and monetary base in the context of the Three-Sector-Model? a. The real risk-free interest rate falls and monetary base falls
b. The real risk-free interest rate rises and monetary base falls. c. The real risk-free interest rate and monetary base remain the same. d. The real risk-free interest rate rises and monetary base rises. e. There is not enough information to determine what happens to these two macroeconomic variables.