Which of the following is not typically true of Employment Protection Legislation (EPL)?
a) countries with strong EPL have low unemployment rates
b) EPL reduces part-time work and labor force participation rates
c) EPL reduces the layoff rate
d) EPL reduces the duration of unemployment
e) EPL benefits the employed at the expense of the unemployed
d) EPL reduces the duration of unemployment
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Explain two ways by which the Federal Reserve System can increase the monetary base. Why is the effect of Federal Reserve actions on bank reserves less exact than the effect on the monetary base?
What will be an ideal response?
Which of the following statements about "inside information" is FALSE?
A) It is information that is not available to the general public. B) It is illegal to knowingly use inside information when trading stocks. C) Profits can be made using inside information. D) The government never imposes fines or other penalties for abuse of inside information.
There would be no inflationary gap or recessionary gap if _______ were equal to ______.
Fill in the blank(s) with the appropriate word(s).
The owner or owners control the day-to-day activities of which of the following types of business?
A) corporations and partnerships B) partnerships and sole proprietorships C) sole proprietorships and corporations D) only corporations