The length of time people spend in search of a job increases if
A) there is a sudden change in technology.
B) the population ages.
C) the criteria necessary to qualify for unemployment benefits increases.
D) unemployment benefits increase.
E) the minimum wage is decreased.
D
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The utility associated with the payoffs in a risky situation increases ____________ than the dollar value of these payoffs
Fill in the blank(s) with the appropriate word(s).
All of the following are sources of the impact lag except
A) it takes some time for the deposit multiplier process to work itself out. B) firms need some time to respond to the monetary policy with respect to their investment plans. C) it takes time for the Fed to formulate a policy that best addresses a problem in the economy. D) a monetary change is likely to affect the exchange rate, but that translates into a change in net exports only after some delay.