Eliminating frictional unemployment would be good for the economy
Indicate whether the statement is true or false
FALSE
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Which of the following statements is true?
A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders. B) Unemployment rate is higher among groups with lower educational attainment. C) More educated workers have a lower opportunity cost of time than less educated workers. D) The unemployment rate in a country normally increases when the country's economy expands.
Open market operations are conducted by the Fed
A) in the New York Stock Exchange. B) in the private secondary U.S. securities market. C) through the Washington location of the Federal Reserve's Bank of Governors. D) through the Bureau of Engraving.
A surplus occurs whenever
a. current price is greater than equilibrium price b. quantity supplied exceeds quantity demanded at the equilibrium price c. quantity demanded is greater than quantity supplied d. the problem of scarcity of a good is solved e. some buyers would be willing and able to pay even more for it than they have to at equilibrium
Which of the following is false? a. Policy makers generally get the timing of countercyclical macroeconomic policy correct
b. To know the appropriate countercyclical policy to adopt, policy makers would need to know the natural rate of real output. c. If policy makers underestimate the multiplier, they may overshoot their goal for stimulus policies. d. All of the above are true