BUS 100 Chapter 2 Quiz Questions
frictional
Denise is a hard worker, but she has always had differences with her boss, Angela. Angela has recently become more demanding and is often unwilling to provide clarification on project requirements. After too many long working days with little or no job satisfaction, Denise walked into Angela's office and submitted her resignation. Denise knows that her résumé is strong and feels confident she will find another job. Denise is now facing _____ unemployment.
Firms in an oligopoly market structure typically avoid price competition.
Identify a true statement about oligopoly.
The M1 money supply includes all currency plus checking accounts and traveler's checks.
Identify a true statement about types of money supply.
the major issues facing the national economy that may seem abstract but directly affect an individual's day-to-day life.
Macroeconomics focuses on:
individual businesses.
Microeconomics focuses on:
the maximum amount Congress lets the government borrow.
The debt ceiling is:
capitalism
The economic system of the United States is called _____.
contraction and expansion.
The two key phases of a business cycle are:
budget surplus
When tax revenue is higher than government expenditures, the government incurs a _____.
It performs banking services for commercial banks in districts in which it operates.
Which of the following is a function of the Fed?