People out of work for 27 weeks or longer are said to be short-term unemployed
Indicate whether the statement is true or false
false
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After the Fed makes an open market purchase of bonds, the deposit-creation process may continue only to the point where
a. the Fed reverses course and sells bonds b. the Fed changes the required reserve ratio c. all excess reserves have been converted into required reserves d. all required reserves have been converted into excess reserves e. the Fed raises interest rates
The fair insurance price is where ____________, where Y is the income that is lower than the income involving the fair insurance
Fill in the blank(s) with the appropriate word(s).
John Doe participates in a welfare program which pays him $6,000 dollars. He can work but he loses 50 cents of the welfare check for every dollar he earns over $5,000, if John wants to live on more than $11,000 per year and he can find a minimum wage job for $8.00/hour, what is his effective wage that he would consider when deciding whether or not to work?
A. $4/hr. B. $0/hr. C. $8/hr. D. $17,000 divided by 2000 hours in a year = $8.5.
Which of the following is assumed when constructing a production possibilities curve?
A) a fixed amount of resources B) the efficient use of resources C) resources of a given quality D) All of the above are correct.