Author Question: After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics ... (Read 66 times)

Chelseaamend · **on:** Jun 29, 2018

After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics for 45,000.00 a year. The two other offers you received were working for Wal-Mart for 38,000 and working for Ernst and Young consulting for 42,000.

Of these two offers, you would have preferred the job at Ernst and Young. What is the opportunity cost of accepting the position at the Bureau of Labor Statistics? A) the 45,000 you are paid for working at the Bureau of Labor Statistics
B) the 42,000 you would have been paid working for Ernst and Young
C) the 38,000 you would have been paid working for Wal-Mart
D) the 42,000 you would have been paid working for Ernst and Young and the 38,000 you would have been paid working for Wal-Mart

Question 2

If the Fed buys government securities, then

A) the quantity of money is not changed, just its composition.
B) new bank reserves are created.
C) the quantity of money decreases.
D) bank reserves are destroyed.
E) banks' excess reserves decrease.