Who is considered officially unemployed?
A) Six months after failing to get a job, Abba quit looking.
B) Monica graduated from college last summer but is still unemployed despite her spirited search.
C) Kariuki is a retired teacher.
D) Chen is going to school full time.
B
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When the production of a good creates an external cost, in order for taxes to be effective in achieving the efficient allocation of resources, the tax must be set equal to the
A) marginal private cost. B) marginal external cost. C) marginal social cost. D) marginal benefit of polluting.
A decrease in ________ increases the money supply since it causes the ________ to rise
A) reserve requirements; monetary base B) reserve requirements; money multiplier C) margin requirements; monetary base D) margin requirements; money multiplier