The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is (are) true regarding monetary policy targeting?
a. Since 1982, the Fed has emphasized money aggregate targets. b. Milton Friedman said that the Fed should pay more attention to interest rates and should focus less on growth of money supply. c. In the short run, it is useless to target interest rates as a tool of policy. d. In 1979, the Fed deemphasized interest rates and targeted specific money aggregates.
At a given price, a surplus occurs when
a. the quantity demanded is more than the quantity supplied. b. the quantity demanded is the same as the quantity supplied. c. the quantity supplied is less than the quantity demanded. d. the quantity supplied is greater than the quantity demanded.
In an economy, the value of inventories rose from $275 billion in 2009 to $300 billion in 2010. In calculating total investment for 2010, national income accountants would increase it by $25 billion.
Answer the following statement true (T) or false (F)
Recall the Application about the opportunity cost of an entrepreneur to answer the following question(s).According to this Application, which of the following is currently a popular way to earn an income?
A. renting out your home through Airbnb B. selling your kidneys C. driving your car through Uber D. cleaning other people's homes