The natural rate of unemployment is the unemployment rate that would exist in the absence of _____
a. structural unemployment
b. educated unemployment
c. cyclical unemployment
d. frictional unemployment
e. underemployment
c
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The cross elasticity of demand for substitutes is always positive
Indicate whether the statement is true or false
In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) providing funds to banks in exchange for stock. B) permitting banks to sell commercial bonds to the Federal Reserve Bank. C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements. D) allowing domestic banks to be taken over by foreign banks.
Wants are
A) another term for needs. B) the things people would consume if they had unlimited incomes. C) the things people consume with their income. D) all the things people really need in order to live comfortably.
The monetarists
a. focus on the role of money as being the most important variable impacting aggregate demand. b. recommend a monetary rule which calls for a stable rate of growth in the money supply of approximately 3 to 5 percent annually. c. recommend government balance its budget. d. All of the above.