Cash held by a bank is sometimes called:
A. vault cash.
B. fractional reserves.
C. token money.
D. legal tender.
Answer: A
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The negative correlation between the vacancy rate and the unemployment rate is called
A) The Laffer curve. B) The Phillips curve. C) The Fisher relation. D) The Beveridge curve.
A disaster that destroys a large part of current agricultural output will not change LRAS, while a disaster that destroys the capital stock in a major city will reduce LRAS
a. True b. False Indicate whether the statement is true or false
Which of the following are not methods of dealing with externalities?
a. relying on voluntary compliance b. creating new property forms c. taxing the output of industries that pollute d. creating legal environmental standards e. increasing public spending on cleanup/reduction
Life expectancy in the U.S.:
a. is the highest in the world b. is the lowest in the world c. ranks about 100th in the world d. ranks about 40th in the world