Macroeconomics — Test Answers

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24
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The main role of banks in the nation’s economy is to

A
store, lend, and distribute money.
B
store, lend, and approve money.
C
store, lend, and borrow money.
D
store, lend, and invest money.
25

As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David? Choose two correct answers.

A
structurally unemployed
B
still employed
C
domestically unemployed
D
cyclically unemployed
E
frictionally unemployed
F
unemployed

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