The average duration of unemployment across the labor force is about
A) 25 weeks.
B) 15 weeks.
C) 8 weeks.
D) 4 weeks.
B
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When people are holding money in excess of their demand for real money balances ________
A) the nominal interest rate will fall B) they increase their purchases of goods and services C) the central bank buys bonds to correct the imbalance D) all of the above E) none of the above
The National Banking Act of 1863, did which of the following?
(a) Permitted interstate branch banking (b) Created one national central bank in the U.S. (c) Created federally chartered national banks restricted to conducting businesses within a designated state. (d) Created federally chartered national banks open to conducting businesses across states.
The European Union Emission Trading Scheme is an example of:
a. a pollution tax. b. a pollution subsidy. c. a command approach. d. cap and trade. e. enforcing private property rights.
What does the Fed auction at the Term-Auction Facility?
a. government bonds of a quantity it sets b. government bonds with the quantity determined at the auction c. loans of a quantity it sets d. loans with the quantity determined at the auction