American unemployment was lower than most European nations in the last decade because
A. the U.S. experienced a booming economy throughout the 1990s while European economies were stagnant.
B. in Europe there is no longer much of a stigma attached with being unemployed.
C. unemployment benefits are much more generous in Europe than in the U.S.
D. All of the choices are correct.
D. All of the choices are correct.
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A bank has $200 of reserves and $4,000 of deposits. It is just meeting its desired reserves and has no excess reserves. Thus the desired reserve ratio is
A) 25 percent. B) 10 percent. C) 5 percent. D) $200. E) 20 percent.
In 2015, the price of peanuts was rising, which lead peanut butter buyers to expect the price of peanut butter would rise in the future
Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase B) an increase in supply of peanut butter; a decrease; an increase C) a decrease in demand for peanut butter; a decrease; a decrease D) a decrease in supply of peanut butter; an increase; a decrease