Economic stagnation and recession result in unemployment and poverty
a. True
b. False
Indicate whether the statement is true or false
True
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In the modern U.S. economy, the typical unemployed person stays unemployed for
A) an amount of time that is hard to quantify. B) a long time during expansions and a short time during recessions. C) a relatively long time, over a year. D) a relatively short time, less than six months.
For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____.
A. higher; larger B. lower; larger C. lower; unchanged D. higher; smaller
In a _____, the state owns all means of production
A. mixed economy B. planned economy C. market economy D. totalitarian state
The monetary base is $1,000 billion and the money multiplier is 5.5. What is the size of the money supply?
What will be an ideal response?