The Trump administration hopes that its program of infrastructure spending might expand employment by luring some prime-age workers back into the labor force. This would ________ the employment-population ratio, which would increase ________
A) increase; growth in labor productivity
B) increase; the growth rate of hours worked
C) decrease; growth in labor productivity
D) decrease; the growth rate of hours worked
Answer: B
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Banks who held mortgage-backed securities "took a bath" during the financial crisis of 2007-2009 due to:
A) rising yields in secondary markets which led to a decline in the price of mortgage-backed securities. B) falling yields in secondary markets which led to a decline in the price of mortgage-backed securities. C) their inability to issue new mortgages. D) more rapid pre-payment of mortgages.
Refer to Scenario 5.10. Hillary's indifference curves showing her preferences toward risk and return can be shown in a diagram. Expected return is plotted on the vertical axis and standard deviation of return on the horizontal axis
Although her indifference curves are upward sloping and bowed downward, their slope is very gradual (they are almost horizontal). These indifference curves reveal that Hillary is: A) risk neutral. B) risk averse. C) risk loving. D) irrational.