The part of the Federal Reserve System (the Fed) that supervises and regulates member banks is
A. the Federal Open Market Committee.
B. the Federal Advisory Committee.
C. the Federal Reserve district banks.
D. the Board of Governors.
Answer: D
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Cyclical unemployment
a. is short-term joblessness experienced by those who are between jobs b. is joblessness created by a mismatch between available jobs and workers' skills c. is joblessness related to regular seasonal events such as holidays or weather changes d. is joblessness caused entirely by microeconomic forces e. does not exist when the economy is at full employment
Does the movement of workers from other countries to the U.S. affect the demand for labor in the U.S., or does it affect the supply of labor in the U.S.?
The ceteris paribus assumption is employed in economic analysis, in order to:
A. State economic goals B. Simplify the complex world C. Evaluate an economic system D. Approximate real-world conditions
If the price of a 32 GB memory card decreases from $25 to $20, the percentage change is:
A. -20 %. B. -33 %. C. -50 %. D. -60 %.