Author Question: Which of the following would increase the unemployment rate? A) an increase in unemployment ... (Read 54 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?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

For a complete list of videos, visit our video library