Upward mobility for those in poverty is
A. Not likely to happen at all because most people live in a caste system.
B. More likely for people in poor nations than in rich nations.
C. More likely for people in rich nations than in poor nations.
D. Equally likely for people in rich nations and poor nations.
Answer: C
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In order to raise the federal funds rate, the Fed ________ government securities in open market operations, so that banks' reserves ________ and the quantity of money ________
A) buys; decrease; increases B) buys; increase; decreases C) sells; decrease; decreases D) sells; increase; decreases E) buys; increase; increases
Unemployment related to job search is known as ________
A) cyclical unemployment B) frictional unemployment C) structural unemployment D) tertiary unemployment