When you are working, you pay more unemployment insurance than you get from it and when you're unemployed, you get more from it than you pay in. That's why the insurance is called
a. an automatic stabilizer
b. an automatic destabilizer
c. a discretionary stabilizer
d. a destabilizing influence on the Phillips curve
e. a stabilizing influence on the Phillips curve
A
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Given the same marginal revenue product (MRP) and supply curves, the equilibrium quantity of labor employed in a monopsonistic labor market will be:
a. equal to that in a competitive labor market. b. less than that in a competitive labor market. c. greater than that in a competitive labor market. d. there is insufficient information for a conclusion.
Which of the following statements is correct?
A. The Federal funds rate is derived based on the prime rate B. The Federal funds rate is the rate banks charge their most creditworthy customers C. The discount rate is the rate banks charge one another on overnight loans D. The prime rate involves longer, more risky loans than the Federal funds rate