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Author Question: Which of the following would increase the unemployment rate? A) an increase in unemployment ... (Read 115 times)

WhattoUnderstand

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
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.


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