If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment:
a. Increase; increase

A simple deposit multiplier equal to one implies a required reserve ratio equal to

A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.

An appropriate countercyclical policy in the face of a recession would be for the Fed to raise legal reserve requirements, raise the discount rate, and buy government securities

Indicate whether the statement is true or false