In the United States, the average length of time people spend unemployed is
A) approximately one month.
B) between two and three months.
C) between ten and eleven months.
D) greater than twelve months.
B
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When a recession occurs, we would expect the government to run a budget deficit by raising the level of its spending or by cutting taxes, or perhaps both. The Fed would be expected to
a. reduce the legal reserve requirement, increase the discount rate, and buy securities on the open market b. reduce the legal reserve requirement, reduce the discount rate, and sell securities on the open market c. reduce the legal reserve requirement, reduce the discount rate, and buy securities on the open market d. increase the legal reserve requirement, reduce the discount rate, and sell securities on the open market e. increase the legal reserve requirement, increase the discount rate, and sell securities on the open market
The incentives built into nearly all welfare programs
A. encourage work. B. encourage family planning. C. encourage savings. D. discourage marriage.