The slippage between output and the unemployment rate occurs because the unemployment rate is calculated from data on
A. the number of people employed.
B. the number of jobs.
C. the number of people who do not want to work.
D. the civilian adult population.
Answer: A
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In the figure above, the lowest 20 percent of all households own ________ percent of all wealth, the next lowest 20 percent own ________ percent of all wealth and the richest 20 percent own ________ percent of all wealth
A) 20; 20; 20 B) 20; 40; 100 C) 5; 15; 40 D) 5; 20; 60
Which is not an essential characteristic of a perfectly competitive market?
A. Goods are standardized. B. Buyers have perfect information. C. Goods from one seller cannot be distinguished from another's. D. Firms have limited market power.
The largest component of GDP is:
a. personal consumption expenditures. b. government spending. c. durable goods. d. net exports. e. gross private domestic investment.
An automobile manufacturer unexpectedly announces that it has hired a new chief executive officer. It is widely believed that the presence of this individual will raise the profitability of the corporation. At the same time interest rates unexpectedly rise. Which of the above would tend to make the price of the stock rise?
a. the announcement and the rise in interest rates b. the announcement but not the rise in interest rates c. the rise in interest rates, but not the announcement d. neither the announcement nor the rise in interest rates