In the United States, bank reserves include:
A) vault cash, currency held by the public and bank's holdings on deposit at the Federal Reserve Bank.
B) currency held by the public and bank's holdings on deposit at the Federal Reserve Bank.
C) vault cash and the bank's holdings on deposit at the Federal Reserve Bank.
D) vault cash and the currency held by the public.
C
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The adult population of a country is 60 million. Of these adults, 20 million are employed and 30 million are unemployed. Therefore, the labor force of the country is _____
a. 40 million b. 30 million c. 50 million d. 60 million
Which of the following will most likely reduce the natural rate of unemployment?
a. an increase in the minimum wage b. an increase in unemployment benefits c. an increase in the proportion of prime-age workers (35-54) as a share of the labor force d. an increase in the labor force participation rate of teenagers
What does the marginal product of labor curve indicate?
a. Change in output per hour increases at first and then reaches its lowest point when diminishing marginal product sets in.
b. Total output per hour increases at first as the staff grows and then begins to fall when too many employees are working.
c. Marginal product first rises as employees are added and then falls when the number of workers surpasses peak efficiency.
d. Average fixed costs are low at first, rise as employees are added, and then begin to fall toward, but never reach, zero.
To raise the United States' rate of economic growth, we need more and better _______ as well as more and better ________.
Fill in the blank(s) with the appropriate word(s).