Many economists believe that the rise in European unemployment from 1960 to 2011 was caused by:
A. generous unemployment benefits.
B. the decreased influence of union insiders.
C. an increase in the number of younger workers, who have higher rates of unemployment.
D. economic inequality.
Ans: A. generous unemployment benefits.
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Marginal utility theory predicts that
A) when the price of a good rises, the quantity demanded of that good decreases. B) if the price of one good rises, the demand for a substitute good increases. C) if income increases, the demand for a normal good increases. D) All of the above answers are correct because all are predictions of marginal utility theory.
Sweep accounts
A) have made reserve requirements nonbinding for many banks. B) sweep funds out of deposit accounts into long-term securities. C) enable banks to avoid paying interest to corporate customers. D) reduce banks' assets.