When people over 16 years old start looking for jobs, the
A. Unemployment rate increases and the labor force increases.
B. Unemployment rate increases and the labor force decreases.
C. Unemployment rate decreases and the labor force increases.
D. Unemployment rate decreases and the labor force decreases.
Answer: A
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You are putting together a portfolio of assets. The four most important characteristics of the assets you will choose are expected return, time to maturity,
A) risk, and liquidity. B) risk, and collateral C) risk, and reward. D) liquidity, and standard issue size.
A relatively steep aggregate demand curve indicates that
A) velocity is relatively constant. B) the economy is near full employment. C) inflation is relatively high. D) spending is insensitive to changes in the price level.
The short-run average total cost curve eventually turns upward to form a U shape because: a. of diminishing marginal cost
b. of increasing average fixed cost. c. all factors can be varied in the long run. d. of diminishing marginal productivity.
When each person specializes in producing the good in which he or she has a comparative advantage, total production in the economy
a. falls. b. stays the same. c. rises. d. may fall, rise, or stay the same.