The table below shows data regarding Germany's labor market
Year Labor Force
(millions) Number of Employed
(millions) Population
(millions)
2006 43.7 39.01 82.3
2007 43.7 39.06 82.2
2008 43.6 39.8 82.1
The data show that Germany's unemployment rate between 2007 and 2008
A) increased.
B) decreased
C) stayed the same.
D) cannot be determined because the population decreased.
B
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Suppose the market for bottled water is served by two oligopolists. If they reach an agreement to restrict production and charge a price above marginal cost, then:
A. neither firm will have an incentive to cheat on the agreement since it benefits them both. B. they will earn a larger profit than a monopolist would have earned. C. they will charge a higher price than a monopolist would have charged. D. their agreement is likely to eventually collapse.
If marginal product is at a maximum, then marginal cost is at a minimum
a. True b. False Indicate whether the statement is true or false
How will an unanticipated decrease in aggregate demand influence equilibrium output in the goods and services market?
a. Output will increase, and the general level of prices will fall. b. Output will increase, and the general level of prices will rise. c. Output will decrease, and the general level of prices will rise. d. Output will decrease, and the general level of prices will fall.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and the nominal value of the domestic currency in the context of the Three-Sector-Model? a. The GDP Price Index rises and nominal value of the domestic
currency falls. b. The GDP Price Index falls and nominal value of the domestic currency remains the same. c. The GDP Price Index rises and nominal value of the domestic currency remains the same. d. The GDP Price Index rises and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.