Frictional unemployment is unemployment reflecting a mismatch of skills and jobs.

If the Fed purchases securities in the amount of $100,000 from First Union Bank, then the

A) liabilities of First Union decrease by $100,000. B) assets of First Union Bank change in composition but not in amount. C) assets of the Fed decrease by $100,000. D) liabilities of the Fed change in composition but not in amount. E) assets of First Union Bank decrease by $100,000.

The largest government-run health care system in the world, with 1.7 million employees, is in

A) the United Kingdom. B) the United States. C) Japan. D) Canada.