Of the English-owned joint stock companies that operated in North America, which was the only one to survive longer than 20 years?
a. The London Company
b. The New Plymouth Company
c. The Hudson Bay Company
d. The Massachusetts Bay Company
c. The Hudson Bay Company
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A major characteristic of structural unemployment that differentiates it from frictional unemployment is that structural unemployment
A) exists only during a recession. B) exists in an expansion whereas there is no frictional unemployment in an expansion. C) is a short-term problem. D) usually lasts longer than frictional unemployment.
Assume a consumption function of C = 90 + .75Y. The saving function for this economy is equal to
A) 90 + .25Y. B) -90 + .75Y. C) -90 + .25Y. D) 90 + .75Y.
When the staff of the account manager at the Fed's Open Market Trading Desk analyzes forecasts on Treasury deposits and information on the timing of future Treasury sales of securities, what agency does it interact with?
A) The Securities and Exchange Commission B) The Treasury's Office of Government Finance C) The Treasury's Office of Federal Reserve Relations D) The Federal Deposit Insurance Corporation
The Phillips curve represents a relationship between:
A. inflation and real income. B. inflation and unemployment. C. money supply and interest rates. D. money supply and unemployment.