Why does the Federal Reserve alter monetary policy?
(A) To provide services to member banks.
(B) To enable banks to clear checks.
(C) To lessen the effect of natural business cycles.
(D) To regulate the banking industry.
Answer: to lessen the effect of natural business cycles
Economics
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Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the unemployment rate is approximately
A) 4.2 percent. B) 6.1 percent. C) 7.5 percent. D) 8.0 percent.
Economics
According to the textbook, economics is a:
A) social science. B) study of business decisions, not social decisions. C) part of operations and management science. D) part of humanities.
Economics