Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variables are
A) the number of workers finding jobs and the number of workers separating from their jobs.
B) the number of workers separating from their jobs and the number of unemployed workers.
C) the number of unemployed workers and the number of workers finding jobs.
D) the number of workers finding jobs, the number of workers separating from their jobs, and the number of unemployed workers.
A
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In the United States, _________________ has been set up to provide disability and retirement benefits to workers.
a. Communism b. Social Security c. Welfare d. WIC
When the desired reserve ratio is 10 percent, suppose the Fed buys $1,000,000 of government securities from banks. As a result, the banks' excess reserves
A) increase by $900,000. B) increase by $1,000,000. C) increase by $10,000. D) decrease by $10,000. E) decrease by $1,000,000.