If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is
A) 5%.
B) 5.2%.
C) 8%.
D) 10%.
E) 50%.
Answer: A
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At higher interest rates the
A) money supply is indeterminate. B) quantity of money demanded is higher. C) money supply is higher. D) quantity of money demanded is lower.
How were open market operations conducted prior to 1935?
A) They were carried out by the Federal Open Market Committee. B) They were carried out under the direction of the Secretary of the Treasury. C) They were carried out by the district Federal Reserve banks. D) They were carried out by the Banking Committee of the House of Representatives.
Real interest rates were negative during most of the
A) 1960s. B) 1970s. C) 1980s. D) 1990s.
Average cost is higher with a monopolistically competitive firm than with a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false