If 5 million workers are unemployed and 45 million workers are employed, then the unemployment rate is
A. 5%.
B. 10%.
C. 11.1%.
D. 40%.
Answer: B
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A bank that expects interest rates to fall will
A) want the duration of its assets to be greater than the duration of its liabilities—a positive duration gap. B) want the duration of its assets to be less than the duration of its liabilities—a positive duration gap. C) want the duration of its assets to be greater than the duration of its liabilities—a negative duration gap. D) want the duration of its assets to be less than the duration of its liabilities—a negative duration gap.
If a profit maximizing monopolist sells output for $100, then we know that its marginal revenue is
A. more than $100 if it is a perfect price discriminator. B. less than $100 if it is a perfect price discriminator. C. equal to $100 in all cases. D. less than $100 if it is a single price monopolist.
In the last two decades, women have completely closed the gender earnings gap.
Answer the following statement true (T) or false (F)
Answer the next question on the basis of the following table for a commercial bank or thrift:(1)(2)(3)Legal Reserve Ratio (%)Checkable DepositsActual Reserves10$40,000$10,0002040,00010,0002540,00010,0003040,00010,000Refer to the above table. If the legal reserve ratio falls from 25 percent to 10 percent, excess reserves of this single bank will:
A. fall by $6,000 and the monetary multiplier will decline from 30 to 10. B. rise by $6,000 and the monetary multiplier will increase from 4 to 10. C. rise by $60,000 and the monetary multiplier will increase from 4 to 10. D. fall by $2,000 and the monetary multiplier will decline from 10 to 4.