The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are employed and 20 thousand are unemployed, then the labor force participation rate is approximately
a. 67%.
b. 80%.
c. 16%.
d. 13%.
b
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448Over which price range is the demand unit-elastic?
A. $16-$14 B. $14-$12 C. $12-$10 D. $18-$16
Any business wanting to attract financial capital must expect to
A) earn a positive economic profit. B) keep implicit costs as close to zero as possible. C) pay a normal rate of return. D) pay a below normal rate of return in order to make a positive rate of return itself.
The federal funds rate is the interest rate the:
A. banks charge individual investors for Fed funds. B. banks charge each other in the Fed funds market. C. government charges banks for Fed funds. D. Fed charges banks for Fed funds.
In practice, the actual size of the ________ is about 2.
A. saving function B. MPS C. MPC D. multiplier