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ECN 211: Macroeconomic Principles (2024 Fall C)

Principles of Accounting II

Business Law

Introduction to Statistics

Strategic and Enterprenural Thinking

Use the following table to answer the question. Numbers are in the millions.

Total population	342.6
Adult population	222.7
Number of unemployed	9.4
Number of employed	135.3

The unemployment rate is _______.

a. 2.7 percent

b. 4.2 percent

c. 6.5 percent

d. 6.9 percent

e. not enough information is available to answer this question

Unemployment Rate=(Labor ForceNumber of Unemployed)×100We previously calculated the labor force as 144.7 million. Now, plug in the values:Unemployment Rate=(9.4 million144.7 million)×100\text{Unemployment Rate} = \left( \frac{9.4 \text{ million}}{144.7 \text{ mill...

Posted by Cleveland on September 9, 2024

se the following table to answer the question. Numbers are in the millions.

Total population	342.6
Adult population	222.7
Number of unemployed	9.4
Number of employed	135.3

The labor force is _______.

a. 119.9 million

b. 144.7 million

c. 213.3 million

d. 222.7 million

e. none of the answer choices

ere’s the calculation:Labor Force=Number of Employed+Number of Unemployed\text{Labor Force} = \text{Number of Employed} + \text{Number of Unemployed}Labor Force=Number of Employed+Number of UnemployedLabor Force=135.3 million+9.4 milli...

Posted by Cleveland on September 9, 2024

According to the Bureau of Labor Statistics, a husband who chooses to stay home and take care of the household is _______.

a. not in the labor force

b. a discouraged worker

c. unemployed

d. employed

a. not in the labor force...

Posted by Cleveland on September 9, 2024

The amount of unemployment that the economy normally experiences is known as _______.

a. frictional unemployment

b. structural unemployment

c. the natural rate of unemployment

d. cyclical unemployment

c. the natural rate of unemployment...

Posted by Cleveland on September 9, 2024

If banks increase their holdings of excess reserves, _______.

a. the money multiplier decreases and the money supply increases

b. the money multiplier increases and the money supply decreases

c. the money multiplier and the money supply increase

d. the money multiplier and the money supply decrease

d. the money multiplier and the money supply decrease...

Posted by Cleveland on September 9, 2024

The Fed's tools of monetary control are _______.

a. government expenditures, taxation, reserve requirements, and interest rates

b. coin, currency, demand deposits, and commodity money

c. fiat, commodity, and deposit money

d. the money supply, government purchases, and taxation

e. open-market operations, lending to banks, reserve requirements, and paying interest on reserves

e. open-market operations, lending to banks, reserve requirements, and paying interest on reserves...

Posted by Cleveland on September 9, 2024

Which of the following statements about a bank's balance sheet is true?

a. An increase in a bank's capital increases its leverage ratio.

b. Assets minus liabilities equals owner's equity or capital.

c. The largest liability on the bank's balance sheet is its loans.

d. Because a bank is highly leveraged, a large change in the value of its assets has little impact on its capital.

e. None of the answer choices are correct.

b. Assets minus liabilities equals owner's equity or capital....

Posted by Cleveland on September 9, 2024

If the Fed engages in an open-market purchase, and at the same time, it raises reserve requirements, _______.

a. we cannot be certain what will happen to the money supply

b. the money supply should rise

c. the money supply should remain unchanged

d. the money supply should fall

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Posted by Cleveland on September 9, 2024

If the Fed engages in an open-market purchase, and at the same time, it raises reserve requirements, _______.

a. we cannot be certain what will happen to the money supply

b. the money supply should rise

c. the money supply should remain unchanged

d. the money supply should fall

a. we cannot be certain what will happen to the money supply...

Posted by Cleveland on September 9, 2024

Suppose all banks maintain a 100 percent reserve ratio. If an individual deposits $1,000 of currency in a bank, _______.

a. the money supply increases by less than $1,000

b. the money supply increases by more than $1,000

c. the money supply decreases by less than $1,000

d. the money supply is unaffected

e. the money supply decreases by more than $1,000

d. the money supply is unaffected...

Posted by Cleveland on September 9, 2024

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Questions and Answers
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