Charlotte Reeder lost her job in a company layoff two years ago. She tried for one solid year to find employment but failed to get an interview. She has since given up trying. Last week she was visited by the BLS and asked to describe her working status. She explained what she did and the BLS recorded her as being
a. a member of the labor force who is temporarily employed
b. a member of the labor force who chooses not to be employed
c. a member of the labor force who is underemployed
d. a discouraged worker who is not a member of the labor force
e. now structurally unemployable
D
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If an adult plays tic-tac-toe with another adult typically the result is that neither player wins. However, when adults play small children they are usually successful in beating them
How is it that there could be Nash equilibrium in the first case and not the second?
Any form of wealth held by a sole proprietor will be factored into the terms of the loans she receives because:
a. her liability is limited. b. her business is inseparable from her. c. her business is too small to bear investment risks. d. her investment decisions depend on her total output.
Many firms offer substantial rebates by mail or coupons for discounts at the point of sale. The people who use the rebates or coupons have ________ than the people who don't use them.
A. lesser price sensitivity B. greater price sensitivity C. the same price sensitivity D. inverted price sensitivity
Answer the following statements true (T) or false (F)
1. When a bank buys government securities from the Fed, then the bank's ability to "create money" will be reduced. 2. A check for $10,000 drawn on Bank A and deposited at Bank B will increase the excess reserves in Bank B by $10,000. 3. The federal funds rate is the interest rate that the Fed charges banks for its loans to them. 4. One bank can borrow reserves from another bank, and the interest on the loan is called the federal funds rate. 5. If a bank has excess reserves of $100,000, then it can lend out only up to $100,000; but if the banking system has excess reserves of $100,000, then the system can make additional loans totaling more than $100,000.