During a recession, when unemployment is rising, the number of new jobs created is, typically, ________
A) large, but smaller than the number of jobs lost
B) small, and below the number of jobs lost
C) small, but higher than the number of jobs lost
D) large, but smaller than net entrants to the labor force
A
Economics
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The Fed purchases $1 million of U.S. government securities from First Bank. The desired reserve ratio is 10 percent, the currency drain ratio is zero, and banks loan all excess reserves. The money multiplier is equal to
A) 0.10. B) 1.0. C) 10.0. D) $1 million. E) 100.0.
Economics
What is the relationship between marginal revenue and average revenue for a monopolist and is it the same for a perfect competitor?
What will be an ideal response?
Economics