A mismatch of the skills of unemployed workers and the skills required for existing jobs is defined as:

A major factor contributing to the slow growth rate of less-developed economies is

A) the lack of well-defined and enforceable property rights. B) the lack of workers. C) the lack of natural resources. D) the high rate of illiteracy.

When reserve requirements are increased, the:

A. excess reserves of commercial banks will decrease. B. excess reserves of commercial banks will increase. C. U.S. Treasury will have to borrow additional funds. D. money supply will rise.