In a recession, cyclical unemployment:
A. exceeds the natural rate of unemployment.
B. is falling.
C. is rising.
D. equals the natural rate of unemployment.
Answer: C
Economics
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What would likely happen to the long-run aggregate supply curve if the U.S. federal government increases marginal tax rates on wages?
A) The LRAS curve would remain stable while the AD curve would shift leftward. B) The LRAS curve would remain stable while the AD curve would shift rightward. C) The LRAS curve would shift leftward. D) The LRAS curve would shift rightward.
Economics
Losses in which holding resulted in BNP Paribas not allowing investors to redeem shares from three of its investment funds?
A) mortgage-backed securities B) Lehman Brothers C) Bear Stearns D) Real Estate Investment Trusts
Economics