One criticism of the unemployment rate is that it
A. does not include the number of discouraged workers as unemployed.
B. counts a new entrant that is actively seeking work as unemployed.
C. does not include people who are not working and are not looking for work.
D. is a stock measure.
Answer: A
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In recent years the labor force participation rate has been fairly stable
A) as has the labor force participation rate for males, females, minorities, and nonminorities. B) although the female labor force participation rate has fallen while the male labor force participation rate has increased. C) although the male labor force participation rate has fallen while the female labor force participation rate has increased. D) although the labor force participation rate of young adults has increased while the labor force participation rate of those in the 40-55 age classification has fallen.
According to the excess capacity theorem, if every firm under monopolistic competition expanded its output,
A. cost per unit of output would rise. B. social benefits would increase. C. cost per unit of output would decrease. D. MC and AC would remain unchanged.
Available evidence indicates that stock prices, even if not exactly a random walk, are very close to a random walk
a. True b. False Indicate whether the statement is true or false
If the consumer price index was 100 in the base year and 106 in the following year, then the inflation rate was
a. 1.06 percent. b. 6 percent. c. 10.6 percent. d. 106 percent.