The decline in the natural rate of unemployment between the 1979 and the 2000s might be the result of:
A. greater quantities of human capital and increased average labor productivity.
B. advances in computer technology and globalization.
C. the changing age structure of the population and more efficient labor markets.
D. increasing wage inequality and skill-biased technological change.
Answer: C
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Explain why the FDIC is following a "too-big-to-fail" policy of fully protecting all depositors at the largest banks
What will be an ideal response?
The "store of value" function of money means it is the:
a. Asset individuals get for goods and services and then use later to purchase other goods and services. b. Barter value of a product for which a nation has a comparative advantage. c. The unit in terms of which people write contracts. d. Asset people can use to accumulate wealth. e. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services.
Which of the following statements is true?
a. According to the quantity theory of money, any change in the money supply will have no effect on the price level. b. There is an inverse relationship between the quantity of money demanded and the interest rate. c. All of the answers are correct. d. The speculative demand for money at possible interest rates gives the demand for money curve its upward slope.
Fill in the above table.
