Exam 2 - SAMPLE QUESTIONS

Refertotable291whatisthem1moneysupply a 215billion b

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Unformatted text preview: being. d. Other things the same, countries that offer more generous and longer‐lasting unemployment insurance benefits are likely to have higher unemployment rates. Figure 28‐1 ____ 28. Refer to Figure 28‐1. If the government imposes a minimum wage of $4, then how many workers will be unemployed? a. 0 b. 3000 c. 4000 d. 7000 7 Name: ________________________ ____ ID: A 29. Sectoral changes a. create frictional unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates structural unemployment. b. create structural unemployment, while firms paying wages above equilibrium to attract a better pool of candidates creates frictional unemployment. c. and firms paying wages above equilibrium to attract a better pool of candidates both create structural unemployment. d. and firms paying wages above equilibrium to attract a better pool of candidates both create frictional unemployment. Table 29‐1. The information in the table pertains to an imaginary economy. Type of Money Large time deposits Small time deposits Demand deposits Other checkable deposits Savings deposits Travelers' checks Money market mutual funds Currency Credit card balances Miscellaneous categories of M2 Amount $80 billion $75 billion $75 billion $40 billion $10 billion $1 billion $15 billion $110 billion $10 billion $25 billion ____ 30. Refer to Table 29‐1. What is the M1 money supply? a. $215 billion b. $216 billion c. $226 billion d. $301 billion ____ 31. Which of the following entities actually executes open‐market...
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This note was uploaded on 06/12/2013 for the course ECON 252 taught by Professor Robertholand during the Fall '08 term at Purdue.

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