When the Fed increases the rate of growth of the money supply to jump start the economy, the unemployment type that will be directly affected is the
A. structural unemployment.
B. natural rate of unemployment.
C. frictional unemployment.
D. cyclical unemployment.
Answer: D
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Which of the following are types of economic markets? I. perfectly competitive II. oligopoly III. monopoly IV. multilateral
A) I and II B) II and III C) I and IV D) I, II and III
The ability to make a credible commitment is necessary for the first mover to gain an advantage in a sequential game
Indicate whether the statement is true or false
According to influential moral philosopher Jeremy Bentham:
A. utility functions should provide cardinal information about preferences. B. the aim of public policy should maximize an individual's utility. C. utility functions should provide ordinal information about preferences. D. public policy decisions should be based on ordinal utility.
If the MPC is 0.5, then the spending multiplier must be:
A. 1.2. B. 2. C. 2.25. D. 2.5.