Which statement is correct?
a. all sectors of the economy are affected to similar degrees by business fluctuations
b. real output and employment generally show little variance over the business cycle
c. the production of nondurable consumer goods is more stable than the production of durable consumer goods over the business cycle
d. recessions have not been severe because economists and statisticians have been able to predict their occurrence and intensity with high accuracy

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

In microeconomics, the point at which supply and demand meet is called the blank price