In economic terms, interest is the payment for
A) current command over resources.
B) producers' goods.
C) stocks.
D) both consumer and capital goods.
A
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According to the Bureau of Labor Statistics, a person who does not have a job and has not been actively looking for a job in the past four weeks is considered
A) unemployed. B) employed. C) not in the labor force. D) underemployed.
A lender obtains funds from depositors by offering short-term interest rates on savings accounts. The lender uses these funds to make longer-term installment loans. Explain how the lender might make use of the futures market to hedge the risk taken.
What will be an ideal response?
A nonpolicy reason for the reduction in the natural rate of unemployment is the
A. expansionary nature of monetary policy. B. aging of the U.S. labor force. C. decline in interest rates. D. growing federal budget surplus.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.