Refer to the diagram above. The straight line E drawn through the wavy lines would provide an estimate of the:

The demand for real money balances is a function of:

a. the supply of real money balances. b. the nominal GDP. c. the nominal rate of interest on alternative assets and the level of real GDP. d. policy decisions by the central bank.

Why does the Bureau of Labor Statistics make an effort to specify the number of people who have been unemployed for 15 weeks or longer?

a. Only people who have been unemployed for 15 weeks or more are eligible to receive
unemployment benefits.
b. One of the criteria for being considered a marginally attached worker is being
unemployed for 15 weeks or less.
c. Unemployment for several months is much more serious threat to the economy than
unemployment for several weeks.
d. Workers usually stop looking for a job after 15 weeks, so the government begins to
consider them discouraged workers at this point.