After the harvest, some farmhands lose their jobs. They are considered to be
A. Structurally unemployed.
B. Cyclically unemployed.
C. Frictionally unemployed.
D. Seasonally unemployed.
Answer: D
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The French respect individual freedoms even as they accept collective action to reach important national goals of social solidarity and equality. What has been the major cost of a government-run system in France?
a. The long waiting lists of expensive medical services. b. The high out-of-pocket spending with over 90 percent of the population purchasing supplementary private insurance. c. An erosion of the incomes of physicians relative to those of the average wage and salary worker. d. An erosion of physician autonomy in making treatment decisions. e. Both b and c are true.
The economy is experiencing a low rate of economic growth and the Fed decides to pursue an expansionary money policy. Which set of actions by the Fed would be most consistent with this policy?
a. Buying government securities and lowering the discount rate b. Selling government securities and raising the discount rate c. Buying government securities and raising the discount rate d. Selling government securities and lowering the discount rate