The ________ is the number of unemployed divided by the labor force and the ________ is the number of employed divided by the adult population
A) unemployment rate; employment rate
B) unemployment rate; employment ratio
C) unemployment ratio; participation rate
D) discouraged worker ratio; employment rate
B
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When price levels rise, the quantity of nominal money demanded will ________ and the quantity of real money demanded will ________
A) increase; stay the same B) increase; increase C) increase; decrease D) decrease; increase
Other things constant, which of the following would cause the M1 money supply to decline?
a. an increase in the quantity of U.S. currency held overseas b. a shift of funds from interest-earning checking deposits to money market mutual funds c. a reduction in the general public's holdings of currency outside of banks because debit cards have become more popular and widely accepted d. a shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined