People who have two jobs,
A. are counted twice in both the job data and the persons-employed data.
B. are counted twice in the job data, but only once in the persons-employed data.
C. are counted once in both the job data and the persons-employed data.
D. are counted once in the job data, but twice in the persons-employed data.
Answer: B
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Which of the following statements is true?
A) When banks borrow from the discount window, it is an admission of trouble. B) The discount window is operated only in periods of economic expansion. C) The discount window is accessible only to well-performing banks. D) The discount window in the United States is operated by Citibank.
Which of the following developments will most likely lead to an increase in the velocity of money?
a. a decrease in the expected inflation rate b. an increase in money interest rates c. a sharp decline in using credit cards d. a decrease in real income
In the situation shown on this graph, what will be the result of the fiscal policy on employment?
a. The unemployment rate will fall.
b. The unemployment rate will rise.
c. The unemployment rate will remain unchanged.
d. The unemployment rate will move unpredictably.
A progressive income tax is defined as a tax for which
A) total taxes paid increase with the level of income. B) total taxes paid are independent of the level of income. C) the average tax rate increases with the level of income. D) the average tax rate decreases with the level of income.