Assume that Kyle is temporarily unemployed because he has voluntarily quit his job with company A and will begin a better job next week with company B. Kyle will be considered as:
A. cyclically unemployed.
B. frictionally unemployed.
C. structurally unemployed.
D. employed.
B. frictionally unemployed.
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The most commonly used tool by the Federal Reserve to control the monetary base is
a. changes in the discount rate. b. changes in tax rates on commercial banks. c. changes in legal required reserve ratios. d. open market operations.
In a competitive labor market a firm will continue to employ workers for as long as an additional worker's marginal revenue product is below the wage rate
a. True b. False Indicate whether the statement is true or false
The long-run aggregate supply curve is
A. downward sloping. B. upward sloping. C. vertical. D. horizontal.
If Veronica withdraws $1,500 from her checking account and deposits it in her savings account, then M1 will ________ and M2 will ________
A) decrease; increase B) increase; not change C) decrease; not change D) not change; not change