If the central bank targets interest rates, then the LM curve is
a. vertical.
b. horizontal.
c. upward sloping.
d. downward sloping.
B
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Which of the following is not a major institutional investor in the stock market?
A) Mutual funds B) Pension funds C) Insurance companies D) Commercial banks
Which of the following is false? a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force. b. The labor force includes those people over the age of 14 who are either employed or unemployed
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force. d. Some people working overtime or extra jobs might be considered to be overemployed.
National saving
a. is the total income in the economy that remains after paying for consumption. b. is the total income in the economy that remains after paying for consumption and government purchases. c. is always greater than investment for a closed economy. d. is equal to private saving minus public saving.
Comparative Advantage:
What will be an ideal response?