A person is considered unemployed if she is
What will be an ideal response?
not working but is actively looking for a job
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If inflationary expectations on the part of the public increase, the trade-off between inflation and unemployment becomes worse
Indicate whether the statement is true or false
Based on the graph showing equilibrium output and price for a monopolist, profits stop growing when production goes beyond which point?
a. QD
b. Q1
c. Q2
d. QM
Which antipollution policy would be least likely to make use of cost-benefit analysis?
A. Creating a market for pollution rights. B. Enacting legislation that bans pollution. C. Using private bargaining when the property rights are clearly defined, the number of people involved is small, and negotiation costs are small. D. Charging polluters an emission fee.
New tools of monetary policy created in 2008 included
A. Fed purchase of corporate paper and a new discount window for investment banks. B. open market purchases and sales of short-term U.S. government securities. C. restoration of individual income tax rates to their pre-2001 levels. D. elimination of the requirement that banks hold reserves against deposits.