The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010):
A. resulted from the collapse of financial markets in 2008-2009.
B. led to huge increases in excess reserves.
C. slowed economic recovery from the Great Recession.
D. All of these statements are correct.
D. All of these statements are correct.
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If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the employment-to-population ratio is
A) 78.6 percent. B) 75 percent. C) 71.4 percent. D) 66.6 percent.
Which of the following is a major argument of trade pessimists?
(a) Increased productivity of developed country agriculture. (b) Increased efficiency in industrial use of raw materials. (c) Protectionism against labor-intensive manufactures. (d) All of the above.
In Figure 3-7 above, if the natural real GDP is $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, then the natural real GDP could be attained with a
A) $250 decrease in T. B) $250 increase in G. C) $1250 increase in G. D) $500 decrease in T.
An example of an in-kind transfer is
A) national defense. B) Social Security. C) low-cost public housing. D) unemployment benefits.