Unemployment caused by a recession, assuming the time it takes to find a job constant, is called:
A. natural unemployment.
B. frictional unemployment.
C. cyclical unemployment.
D. structural unemployment.
Answer: C
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Conflict resolution of the stockholder-lender conflict in larger banking-oriented firms is most effectively accomplished by
A) financial intermediation (monitoring). B) financial intermediation (ownership consolidation). C) corporate governance. D) None of the above.
As of 2013, the debt of the U.S. government amounted to roughly ________ per person
A) $50,000 B) $8 million C) $500,000 D) $800
One of the main roles of a central bank is:
A. managing the nation's money demand. B. coordinating the banking system to ensure a sound economy. C. accepting deposits from households and other private individuals. D. funding federal government spending.
The gold standard is
A) a type of floating exchange rate system. B) a type of managed flexible exchange rate system. C) a type of fixed exchange rate system. D) a currency exchange system without exchange rates.