Unemployment that is of a short duration to allow time to find a new job is:
a. cyclical unemployment.
b. frictional unemployment.
c. durational unemployment.
d. structural unemployment.
b
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Which of the following will be counted as an investment expenditure in the measurement of GDP?
A) purchase of a tractor by a farmer from his neighbor B) purchase of preferred stock in ABC Corporation C) purchase of a newly built tractor by a college fraternity for hay rides at their charity fair D) purchase of an apartment in a newly-built building E) purchase of newly built computers by a municipal government
If a bank's return on equity remains constant, but the ratio of bank assets to bank capital increases:
A. the bank's assets and capital must have increased by the same percentage. B. the bank's return on assets must have decreased. C. the bank's return on assets must have increased. D. the bank must be unprofitable.
Other things the same, a decrease in the price level motivates people to hold
a. less money, so they lend less, and the interest rate rises. b. less money, so they lend more, and the interest rate falls. c. more money, so they lend more, and the interest rate rises. d. more money, so they lend less, and the interest rate falls.
Automatic stabilizers will reduce tax revenues during recessions and increase tax revenues during periods of strong economic growth.
Answer the following statement true (T) or false (F)