In general output per hour rises at _____ real wages.
A. a much higher rate than
B. a somewhat higher rate than
C. about the same rate as
D. a somewhat lower rate than
C. about the same rate as
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A student who just graduated from college but has not found a job would most likely be
A) cyclically unemployed. B) frictionally unemployed. C) seasonally unemployed. D) structurally unemployed.
Which of the following statements most accurately describes the task of bank asset management?
A) Banks seek the highest returns possible subject to minimizing risk and making adequate provisions for liquidity. B) Banks seek to have the highest liquidity possible subject to earning a positive rate of return on their operations. C) Banks seek to prevent bank failure at all cost; since a failed bank earns no profit, liquidity needs supersede the desire for profits. D) Banks seek to acquire funds in the least costly way.
An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
In the long run, the price level is determined by aggregate supply
a. True b. False Indicate whether the statement is true or false