If the frictional unemployment rate is 2 percent, the structural unemployment rate is 3 percent, and the overall unemployment rate is 9 percent, how much is the cyclical unemployment rate?

Which of the following are part of a commercial bank's reserves?

I. cash in the bank's vaults II. loans III. cash in checking accounts A) I only B) I and II C) I and III D) I, II and III

Which of the following is incorrect?

A. As the price level falls, the demand for money declines, the interest rate declines, and interest-rate-sensitive spending increases. B. As the U.S. price level rises, U.S. goods become relatively more expensive so that U.S. exports fall and U.S. imports rise. C. Given aggregate demand, an increase in aggregate supply increases real output and, assuming downward-flexible prices, reduces the price level. D. When the price level increases, real balances increase and businesses and households find themselves wealthier and therefore increase their spending.