In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short term, and what percentage of the unemployment you encountered in a given week was long term?
a. 52% was short term; 13.3% was long term
b. 52% was short term; 88.9% was long term
c. 86.7% was short term; 13.3% was long term
d. 86.7% was short term; 88.9% was long term
d
Economics
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The policy of ________ exacerbated ________ problems as savings and loans took on increasingly huge levels of risk on the slim chance of returning to solvency
A) regulatory forbearance; moral hazard B) regulatory forbearance; adverse hazard C) regulatory agnosticism; moral hazard D) regulatory agnosticism; adverse hazard
Economics
Which of the following financial assets is considered to be essentially risk-free?
A. Gold. B. Stock in Fortune 500 companies. C. Real estate. D. Short-term U.S. government bonds.
Economics