Suppose that 50 percent of the part-time workers of Metropolis are looking for full-time jobs
Given the data in Table 6.1, if these workers were counted as not employed and looking for work, the unemployment rate of Metropolis would be approximately
A) 6 percent. B) 13 percent. C) 16 percent. D) 21 percent.
B
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An optimal decision is one that is selected based on an analysis of
A. explicit costs but not implicit costs. B. implicit costs but not explicit costs. C. both explicit costs and implicit costs. D. neither explicit costs nor implicit costs.
Use the above table. At an income of $50
A) real saving is $10. B) real saving is $20. C) real dissaving is $10. D) real dissaving is $50.
A decrease in the level of cyclical unemployment will shift the long-run Phillips curve
Indicate whether the statement is true or false
The United States issues a $10,000 debt forgiveness to Argentina. How is this accounted for in the balance of payments?
A) financial account, U.S. asset import B) current account, Argentina transfer payment C) current account, U.S. service export D) financial account, U.S. asset export E) current account, Argentina good import