Using the above table, the employment rate is
A. 69.1 percent.
B. 65.6 percent.
C. 48.5 percent.
D. 95.0 percent.
Answer: D
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Suppose that technological advancement makes labor more productive. What is likely to happen to wages and to potential output?
A) Wages decrease and potential output increases. B) Wages decrease and potential output decreases. C) Wages increase and potential output increases. D) Wages increase and potential output decreases.
The most socially efficient market structure in the long run is: a. perfect competition
b. monopolistic competition. c. oligopoly. d. monopoly.
Assume that the central bank sells government securities in the open market. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the net nonreserve international borrowing/lendingand monetary base in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The net nonreserve international borrowing/lending balancebecomes more positive (or less negative) and monetary base rises. b. The net nonreserve international borrowing/lending balancebecomes more negative (or less positive) and monetary base falls. c. The net nonreserve international borrowing/lending balancebecomes more positive (or less negative) and monetary base stays the same. d. The net nonreserve international borrowing/lending balanceand monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
According to the economic way of thinking, scarcity implies
A) money. B) competition. C) capitalism. D) chaos. E) all of the above.