Cyclical unemployment:
a. causes unemployment statistics to be understated.
b. causes unemployment statistics to be overstated.
c. occurs because of recessions.
d. occurs because of technological innovations in production.
e. only occurs with a zero inflation rate.
c
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The legislature is equivalent to a political market because _____
a. legislators are akin to price takers b. policies can be bought and sold c. legislators can be bought and sold d. logrolling allows legislators to trade amongst themselves
If you deposit $500 cash into your account at a commercial bank. If it faces a 10 percent required reserve ratio, as a result of your deposit, the bank will:
a. have $450 of additional excess reserves. b. be capable of lending an additional $5,000. c. be capable of lending an additional $500 d. have $50 of additional excess reserves.