The best example of a frictionally unemployed worker is one who:
a. has been looking for work for 27 weeks or longer
b. is laid off during a recessionary period in the economy.
c. is in the process of voluntarily switching jobs.
d. is discouraged and not actively seeking work.
e. cannot find a job that matches with his skills.
c
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The original maturity on U.S. Treasury bills is between
A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.
Any reserves that banks hold in excess of required reserves are called
A) excess reserves. B) margin reserves. C) federal reserves. D) surplus reserves.
(Consider This) Which of the following methods is commonly used by farmers to "smooth" income over time?
A. Producing only one crop to benefit from specialization. B. Renting land from other farmers to increase production. C. Entering contracts with buyers of their farm output to assure themselves of a fixed price. D. All of these risk-management techniques are used to hedge against short-run price and output fluctuations.
A tax reduction of a specific amount will be more expansionary the:
A. smaller is the economy's MPC. B. larger is the economy's MPC. C. smaller is the economy's multiplier. D. less is the economy's built-in stability.