As unemployment rose during the recession of 2007-2009, black teenage unemployment
A. remained essentially unchanged.
B. fell to 18.2%, a rate less than half that of white teenagers.
C. rose to 18.2%, a rate less than half that of white teenagers.
D. rose to 49.2%, a rate more than twice that of white teenagers.
Answer: D
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The largest proportion of M1 is made up of
A) checking account deposits. B) savings account deposits. C) currency. D) traveler's checks. E) time deposits.
Suppose economic stability in the United States increases. This will tend to cause which of the following to occur?
A) The demand for U.S. dollars will rise in the foreign exchange market. B) The supply of U.S. dollars will rise in the foreign exchange market. C) The demand for euros will rise in the foreign exchange market. D) Nothing will change in the foreign exchange market.
Other things equal, the wage rate will be higher in a job that requires close monitoring by a supervisor since few individuals are eager to work in such an environment
a. True b. False
Which of the following would most likely occur if the federal government decreased its spending and reduced the size of the budget deficit during a period of full employment?
a. The rate of inflation would decline. b. The rate of inflation would rise. c. A recession would develop. d. Interest rates would fall.