A cost of unemployment typically borne by society at large rather than the unemployed themselves is:
A. lost self-esteem.
B. lost income.
C. lost tax revenue.
D. feelings of loss of control over one's life.
Answer: C
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During the 1990s, which of the following experienced the slowest rate of growth in real GDP per person?
A) Japan B) The big 4 nations of Europe C) United States D) Canada
Which of the following groups would not tend to lose from unexpected inflation? a. Retirees on fixed pensions
b. Creditors. c. Those whose incomes are tied to long-term contracts. d. Those whose wages have cost of living adjustment clauses in their contracts.
Use the following consolidated balance sheet for the commercial banking system to answer the next question.AssetsLiabilities + Net WorthReserves$120,000Checkable deposits$300,000Loans140,000Stock shares200,000Securities40,000 Property200,000 If the reserve requirement is 10%, then the maximum amount by which this commercial banking system can expand the supply of money by lending is
A. $120,000 billion. B. $300,000 billion. C. $900,000 billion. D. $600,000 billion.
Let ? represent labor's share of total output. The Solow residual is, therefore, represented by
A) ?gy. B) ?gA. C) ?gK. D) ?gN. E) 1/?.