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21. Which of the following statements is FALSE? (A) Bitcoin transactions are recorded on a blockchain. (B) Silver is more liquid than real estate. (C)
21. Which of the following statements is FALSE? (A) Bitcoin transactions are recorded on a blockchain. (B) Silver is more liquid than real estate. (C) A bond's yield is not inversely related to its price. (D) Labour unions can cause unemployment. 22. A giant cat leaps in front of your jeep, while it is raining outside. Your friend, sitting beside you, warns you not to move, since the cat can sense movement. However, you are stupid and need to vape, so you take a few draws from your Juul you just couldn't control yourself, could you!?! Simp. The cat grabs you and eyes you up and down while licking her lips. Before the cat eats you, she yells, "The optimal rate of unemployment is zero!" Why is the cat wrong? (A) Because she's a cat, and everyone knows that sigma males are just incels who convince themselves they're Chad. (B) In a Dynamic Stochastic General Equilibrium framework, the initial parameters of unemployment are never set to zero, since that makes no sense within such a paradigm. (C) So-called 'tight' central bank policy never allows unemployment to be zero. (D) Structural and frictional unemployment can benefit the economy. 23. You intend to purchase a giant statue of He-Man, but the vendor only takes cash. You go to the bank, but they tell you that they do not have your money on hand. What's going on? (A) The bank borrowed at a rate above the Bank Rate. (B) The bank teller is in the back, updating his OnlyFans. This kind of exclusive content cannot be seen anywhere else. (C) The bank's reserves are drained. (D) The bank has adopted full-reserve banking. Vaping is for virgin incels. Chads smoke pipes. 2 And so I wake in the morning and I step outside and I take a deep breath and I get real high and I scream from the top of my lungs, "What's going on?" 8
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