If the Federal Reserve Decreases the Rate at Which It

question 182

Multiple Choice

If the Federal Reserve decreases the rate at which it increases the money supply, then unemployment is higher

• A)in the long run and the short run.
• B)in the long run but not in the short run.
• C)in the short run but not in the long run.
• D)in neither the short run nor the long run.

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Definitions:

Equal Employment Opportunity Legislation

Laws designed to prevent discrimination in the workplace based on race, color, religion, sex, national origin, age, disability, or genetic information.

Employee Retirement Income Security Act

A national regulation establishing basic requirements for the majority of privately initiated pension and health schemes in the private sector, aimed at safeguarding participants in these programs.

Drug-Free Workplace Act

A U.S. federal law that requires some employers to maintain a work environment free from the illegal use of drugs.

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay, recordkeeping, and child labor standards.