In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are looking for jobs. The number counted as unemployed is
A) 91 million.
B) 9 million.
C) 51 million.
D) 40 million.
E) 49 million.
B
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The money multiplier will be smaller when
A) bank customers prefer to hold a bigger amount of their money as cash (instead of in their checking account). B) when the marginal propensity to save declines. C) when the reserve ratio decreases. D) banks prefer to lend out 9 percent of their excess reserves instead of 90 percent.
If a coalition D is decisive over a pair of social outcomes (x,y) under a social choice process that satisfies Arrow's axioms, then another coalition C (that differs from D) cannot be decisive over a different pair (a,b) of social outcomes.
Answer the following statement true (T) or false (F)
Using present value to calculate stock prices is ________ than using present value to calculate bond prices because ________
A) less accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not B) more accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not C) less accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not D) more accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not
Increases in both human capital per worker and physical capital per worker increase productivity
a. True b. False Indicate whether the statement is true or false