It has been noted that a country that grants a considerable amount of economic freedom will experience
A) positive rates of per capita income growth. B) low levels of political freedom.
C) dead capital. D) negative rates of per capita income growth.
A
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The kind of assets banks can hold as reserves are also called the economy's
A) checkable deposits. B) money market funds. C) high-powered money. D) bankers' acceptances.
Why might the official measure of civilian unemployment in the U.S. be an understatement of actual unemployment?
a. Because some workers become discouraged and no longer are actively seeking work. Thus they are not officially counted in the labor force, and consequently are not officially unemployed. b. Because the official measure of civilian unemployment fails to account for very high levels of unemployment among active-duty military personnel. c. Because the statistics count part-time employment as being no different from full-time employment, even though many part-time workers would prefer to be fully employed. d. Both a. and c. above are correct.