Author Question: Which of the following would increase the unemployment rate? A) an increase in unemployment ... (Read 73 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
Which of the following would increase the unemployment rate?
 
  A) an increase in unemployment insurance payments
  B) a law making it illegal to work more than 35 hours per week
  C) a cut in unemployment compensation
  D) a decrease in the minimum wage

Question 2

What is a banking panic, and what role did banking panics play in the decision by Congress to establish the Federal Reserve?
 
  What will be an ideal response?



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

A

Answer to Question 2

When the Fed was founded, its primary responsibility was to make discount loans to banks in order to deal with the bank panics, which occurred when many banks suffered from large withdrawals by depositors.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library