In 2008, as the economy moved into a recession,
A) cyclical unemployment increased.
B) structural unemployment decreased.
C) natural unemployment decreased.
D) frictional unemployment was not affected.
E) the number of marginally attached workers decreased.
A
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Geographic restrictions on banks
A) reduce their ability to take advantage of economies of scale. B) raise the costs of their providing risk-sharing, liquidity, and information services. C) reduce their exposure to credit risk. D) reduce the amount of local lending they undertake.
Expansionary monetary policy during periods of underutilized resources can cause
A) real Gross Domestic Product (GDP) to increase without an increase in the price level. B) real Gross Domestic Product (GDP) to increase with a decrease in the price level. C) real Gross Domestic Product (GDP) to increase with an increase in the price level. D) nominal Gross Domestic Product (GDP) to increase but cannot affect real Gross Domestic Product (GDP).