The natural rate of unemployment will rise for all of the following reasons EXCEPT:
A) more generous terms for unemployment compensation.
B) an increase in union membership.
C) an increase in labor productivity that translates into greater demand for labor.
D) a surge in the number of young and inexperienced workers.
Answer: C) an increase in labor productivity that translates into greater demand for labor.
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During the early 1930s, the Fed was reluctant to rescue nonsolvent banks out of fear of encouraging:
A) moral hazard B) adverse selection C) bank run D) sovereign debt crisis
Suppose the current exchange rate between the Mexican peso and the U.S. dollar is 12 pesos = $1
Mexico's GDP in dollars would be greater if the purchasing power parity exchange rate was used to convert pesos to dollars if you could buy the same goods in the United States with ________ as you can in Mexico with ________. A) $1; 12 pesos B) $10; 150 pesos C) $100; 900 pesos D) $1,000; 20,000 pesos
Which advantage(s) do mutual funds claim to provide?
a. diversification and access to the skills of professional money managers b. diversification but not access to the skills of professional money managers c. access to the skills of professional money managers but not diversification d. neither diversification nor access to the skills of professional money managers.
Participants in the ________ invest in stocks, bonds, and mutual funds, mortgage contracts, real estate and other opportunities with the expectation of receiving a financial return on their investment.
Fill in the blank(s) with the appropriate word(s).