T13l Yes is an unpaid worker in his familys bakery The Burea

T13l Yes is an unpaid worker in his family\'s bakery. The Bureau of Labor Statistics counts Yves as a, unemployed and in the labor force. b. unemployed and not in the labor force. employed and in the labor for d. employed and not in the labor force. 14 Perry accumulated a lot of mathematical skills while in high school, college, and graduate school. Economists include these skills as part of Perry\'s a. standard of learning. b. technological knowledge. c. physical d. human capital. capital [1S]When we add up currency, demand deposits, other checkable deposits, and travelers checks, we get ( the money supply, as universally defined by economists. a. b. the totality of common stores of value in the United States c. Mi [16] The Bureau of Labor Statistics defines the unemployment rate as the percentage of () a. those unemployed relative to those employed. b. the labor force that is unemployed. c. the adult population that is unemployed. d. the adult population that is unemployed or not in the labor force. [17) Suppose banks desire to hold no excess reserves. If the reserve requirement is 15 percent and if a bank receives a new deposit of S10, then this bank () a must increase its required reserves by $10, b. will initially see its total reserves increase by $15. c. will be able to make new loans up to a maximum of $8.50 d. All of the above are correct. [18] If the publie decides to hold more currency and fewer deposits in banks, bank reserves ) a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not change.

Solution

13. The correct answer is A.

14. The correct answer is D.

15. The correct answer is C.

16. The correct answer is B.

17. The correct answer is C.

18. The correct answer is A.

19. The correct answer is C.

20. The correct answer is A.