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Unformatted text preview: seeking work but currently unemployed. o Federal, Seasonal, Structural, and/or Cyclical o Ex. Casino Industry o Ex. Being laid off during corporate downsizing Monetary policy- government actions to increase or decrease the money supply and change banking policy and interest rates to influence consumer spending. The Federal Reserve System formulates and implements monetary policy. 1. When we examine the exchanges that companies and societies make as a whole, we are focusing on what system operating in different nations? a. relationship system b. economic system c. environmental d. private enterprise 2. The willingness and ability of buyers to purchase goods and services at different prices is called a. demand b. supply c. an economic system d. owners rights 5. natural resources include all of the following except a. capitalism b. land c. building sites d. mineral deposits...
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This note was uploaded on 09/27/2011 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.
- Spring '08