Are hurt more by unemployment.
A.men
B. youth
C. uneducated
D. all of these!
C. uneducated
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The production possibilities curve encompasses all of the following concepts except
a. the law of increasing costs b. unlimited wants c. scarcity d. opportunity cost e. availability of resources
A reserve requirement of 10 percent implies a potential money deposit expansion multiplier of
A) 5. B) 10. C) 20. D) 100.
Suppose that increased international trade makes product markets more competitive in the U.S. Given this information, we would expect to observe which of the following?
A) an upward shift in the WS curve B) a downward shift in the WS curve C) an upward shift in the PS curve D) a downward shift in the PS curve E) none of the above
The level of real GDP the economy produces at full employment is
A) never reached in reality. B) nominal GDP. C) called the Lucas level. D) real GDP. E) potential GDP.