Author Question: By offering less generous unemployment insurance programs, the United States can expect A) ... (Read 81 times)

abarnes · **on:** Jun 29, 2018

By offering less generous unemployment insurance programs, the United States can expect

A) citizens to pay more in taxes than citizens pay in Europe.
B) longer periods of unemployment for their workers.
C) workers to be slow in gaining new skills in response to fluctuations in the labor market.
D) shorter periods of unemployment for their workers.

Question 2

Refer to Figure 15-9. In the figure above suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by the Federal Reserve?

A) an increase in the required reserve ratio B) a decrease in income taxes
C) an open market sale of Treasury bills D) an open market purchase of Treasury bills