Blog

Who is not part of the civilian labor force? 1. Part time workers       2. Underemployed workers   3. Overqualified workers    4.  Discouraged workers

Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased your real wage increase. If your real wage rose by a greater percentage than the price level, then your nominal wage also increased your real wage decrease. If your real wage rose by a greater percentage than the price level, then your nominal wage decreased

When a person is voluntarily employed longer than they need to be this is known as _______ unemployment 1. technological 2. frictional 3. structural 4. cyclical

Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the future and stay this way for some time.   Refer to Optimism. Which curve shifts and in which direction? aggregate demand shifts right aggregate demand shifts left aggregate supply shifts right aggregate supply shifts left

In a fractional-reserve banking system, a bank     keeps only a fraction of its deposits in reserve does not accept deposits does not make loans None of the above is correct

Suppose you will receive $500 at some point in the future. If the annual interest rate is 5 percent, then the present value of the $500 is 1. $411.26 if the $500 is to be received in 5 years and $338.95 if the $500 is to be received in 10 2 . $348.28 if the $500 is to be received in 5 years and $242.60 if the $500 is to be received in 10 3. $291.11 if the $500 is to be received in 5 years and $272.89 if the $500 is to be received in 10 4. $291.11 if the $500 is to be received in 5 years and $236.49 if the $500 is to be received in 10

Which list ranks assets from most to least liquid?     stocks, money, cars, houses stocks, cars, money, houses money, stocks, cars, houses money, cars, houses, stocks

When conducting an open-market operations during a recession, the Fed     sells government bonds, and in so doing increases the money supply sells government bonds, and in so doing decreases the money supply buys government bonds, and in so doing increases the money supply buys government bonds, and in so doing decreases the money supply

The endowment effect refers to: 1. The tendency to value something more after acquiring it. 2. The belief that future prices of an asset will follow past price trends. 3. The tendency to overestimate the impact of recent information on decision-making. 4. The tendency to focus on the most available information when making a decision

The primary advantage of mutual funds is that they always provide the highest return always allow people to “beat the market” allow people to diversify and reduce risk allow people to diversify, which increases risk and return