Which of the following is false?
a. People looking for full-time work who grudgingly settle for a part-time job are counted as employed, even though they are only "partly" employed.
b. Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force.
c. Unemployment rates can be quite different across different segments of the population, as well as varying substantially over time.
d. None of the above are false; all are true.
d
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Which of the following is most likely to reduce an individual's future spending?
A) Withdrawing money today B) Lending money today C) Paying back a loan in the future D) Withdrawing money in the future
Suppose the federal government is successful in reducing the budget deficit, households decide to increase their saving, corporate taxes are reduced, and businesses expect to see an increase in future profits
Use the loanable funds model to explain how each of these events affects the demand and supply of loanable funds and illustrate your answer with a graph. Describe what should happen to the equilibrium real interest rate and the equilibrium levels of saving and investment?