The cost to society of unemployment can be expressed in terms of
a. increased unemployment benefits paid for by taxpayers
b. lower real GDP
c. increased government involvement in the economy
d. decreased tax revenues
e. increased government spending
B
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If commercial banks are increasing their borrowing from the Fed while the Fed is selling government securities, the borrowing of the commercial banks from the Fed will tend to:
a. reinforce the contractionary open market operations policy. b. reinforce the expansionary open market operations policy. c. counteract the contractionary open market operations policy. d. counteract the expansionary open market operations policy.
Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
What will be an ideal response?