Full employment, which is always expected to occur, consists of the frictionally and cyclically unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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The government agency that insures deposits held in banks in the United States is
A) the Federal Bank Insurance Corporation. B) the Federal Deposit Insurance Corporation. C) the Federal Asset Insurance Corporation. D) the Federal Reserve System.
Taxes that are designed to discourage consumption of the taxed good are called _____
a. regressive taxes b. head taxes c. sumptuary taxes d. sales taxes
A price ceiling below the market clearing price results in I. excess quantity demand II. excess quantity supplied III. entry of new producers
A) I only B) II only C) III only D) Both I and III
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in domestic real interest rates b. an increase in exports coupled with a decline in imports c. an increase in the nation's inflation rate d. a balance of trade surplus