Unemployment due to factors such as weather or fluctuations in demand for certain goods and services during different times of the year is called ________ unemployment
A) frictional
B) structural
C) cyclical
D) seasonal
A
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When you open a checking account at Bank of America, Bank of America
A) has more deposits, but excess reserves remain unchanged. B) has more reserves, but excess reserves remain unchanged. C) has more reserves and more excess reserves. D) has more deposits and less in excess reserves.
The welfare effects of quotas depend, to some extent, on who has the right to import the quota restricted goods
Indicate whether the statement is true or false
Advocates of discretionary economic policy are most likely to be
A. Keynesians. B. supply-side economists. C. rational expectationists. D. Classical economists.
Aggregate output will decrease if there is a(n)
A. unplanned fall in inventories. B. decrease in consumption. C. unplanned rise in inventories. D. increase in saving.