The unemployment rate reported by the Bureau of Labor Statistics clearly understates the true unemployment rate
a. True
b. False
Indicate whether the statement is true or false
False
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Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant
What will be an ideal response?
A tax that is higher for men than for women violates the criterion of
a. horizontal equity. b. vertical equity. c. the ability-to-pay principle. d. the marriage tax.
In fiscal year 2011, the U.S. government ran a deficit of about $1,300 billion. In fiscal year 2012, the government ran a deficit of about $1,087 billion. Other things the same, this change would be expected to have
a. decreased interest rates and investment. b. decreased interest rates and increased investment. c. increased interest rates and investment. d. increased interest rates and decreased investment.
Search and wait unemployment is another way to describe
A. frictional unemployment. B. noncyclical unemployment. C. structural unemployment. D. cyclical unemployment.