Which of the following statements is correct?
A) Federal Reserve district banks are owned by the government.
B) Member banks receive no return on the stock they own in Federal district banks.
C) Federal Reserve district banks pay dividends on their earnings to member banks.
D) The boards of directors of the district banks are all local bankers.
C
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A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is
a. counted as out of the labor force but should be counted as unemployed. b. counted as unemployed but should be counted as out of the labor force. c. correctly counted as out of the labor force. d. correctly counted as unemployed.
Which of the following is a possible effect of automatic stabilizers on the federal budget?
A. An increase in the deficit when there is AD excess. B. A decrease in the deficit during an expansion. C. A decrease in the deficit during recessions. D. An increase in the structural deficit during recessions.