Answer the following questions true (T) or false (F)
1. Eliminating structural unemployment would be good for the economy.
2. The full-employment rate of unemployment is zero.
3. The unemployment rate in the United States is typically lower than in Western Europe because the United States has tougher requirements for the unemployed to receive government payments.
1. FALSE
2. FALSE
3. TRUE
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If the quantity of bank reserves held at the Fed increases, ________
A) the real interest rate increases B) bank deposits decrease C) the number of loans issued by banks decrease D) inflation increases
If Best Dogs only sells their hot dogs in packages of eight, all of the following are true except which one?
A) Best Dogs is changing consumer surplus into profit. B) Best Dogs is practicing commodity bundling. C) Best Dogs is using an all-or-nothing pricing scheme. D) Best Dogs has market power.
Economic researchers have found:
A. no examples of countries with high rates of money growth and low inflation rates. B. many examples of countries with high rates of money growth and low inflation rates. C. many examples of countries with low rates of money growth and high inflation rates. D. no relationship between rates of money growth and inflation rates.
An increase in the dollar per euro exchange rate will result in
A. a decline in the quantity demanded for dollar. B. an inward shift of the supply curve of euro. C. an outward shift of the demand curve for dollar. D. a decline in the quantity demanded for euro.