Laissez-faire refers to a program of minimal interference in the market system.
Answer the following statement true (T) or false (F)
True
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A bank run occurs when:
A) a bank experiences an extraordinarily large volume of withdrawals. B) a bank sells its assets to its own stockholders. C) the central monetary authority regulates the functioning of banks. D) a bank's assets exceeds its liabilities.
Which of the following is true of a beneficial supply shock?
What will be an ideal response?
Policy coordination is difficult because each country
A) prefers to be the one to increase demand. B) prefers to be the one to appreciate its currency. C) prefers that other countries increase their demand. D) prefers to be the one to increase taxes. E) prefers that other countries increase taxes.
If the population of a country is 250,000 people, its labor force consists of 145,000 people, 35,000 people are unemployed, 10,000 are unable to work, and 5,000 are unwilling to work, the unemployment rate is
A. 24.1 percent. B. 22.1 percent. C. 19.4 percent. D. 14.0 percent.