Figure 20-4

In Figure 20-4, which panel depicts a union suffering unemployment during a recession rather than allowing the wage to fall?

Savings and loan associations created which type of money?

a. demand deposit accounts b. money market mutual fund accounts c. NOW account deposits d. money market mutual deposit accounts e. share-draft accounts

Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?

a. The PPC would shift outward on the fish axis, but would not change on the bread axis. b. The PPC would shift inward equally along both the fish and the bread axes. c. The PPC would shift outward equally along both the fish and the bread axes. d. The PPC would shift inward on the bread axis, but would not change on the fish axis.