The unemployment rate may underestimate the true extent of unemployment if:
a. many part-time employees would like to work full-time, but are unable to get the additional work.
b. employees increase the number of hours they work overtime
c. there are a large number of people working in the underground economy.
d. any of the above occur.
a
Economics
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For the money expansion process to produce the maximum potential multiplier effect
A) all loans of a given bank have to be deposited in that bank. B) the Fed has to sell government bonds to back up the loans. C) the required reserve ratio has to be 100 percent. D) all loans from banks have to be redeposited throughout the banking system.
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A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
Economics