In 2008 as the recession worsened, suppose discouraged workers were included as part of the unemployment rate. Which of the following would have occurred?
A) The unemployment rate would have increased.
B) The unemployment rate would have decreased.
C) The labor force participation rate would not have changed.
D) The unemployment rate would not have changed.
E) The labor force participation rate would have decreased.
A
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Len is putting in a new swimming pool. He can either heat his pool with natural gas or with solar power
If he chooses solar power it will cost him more today, but he will recover these costs over the next 7 years in savings on his natural gas bill. The solar heater is expected to last 12 years. Len: A) will put in the solar heater regardless of the discount rate because the savings in natural gas outweigh the initial cost of the solar heater. B) is more likely to install the solar heater as the discount rate increases. C) is more likely to install the solar heater as the discount rate declines. D) will not put in the solar heater unless he is an environmentalist.
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $10 million b. $300 million c. $40 million d. $100 million e. $70 million