If the BLS included all marginally attached workers as being unemployed, the ________ would be __________
A. unemployment rate; higher
B. labor force; unchanged
C. labor force participation rate; lower
D. unemployment rate; lower
A Marginally attached workers are unemployed, so the unem-ployment rate would be higher.
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An increase in the purchasing power of money would not, on average, result in an increase in the purchasing power of people's income because a ________ price level would likely mean ________ wages and salaries
A) falling; rising B) rising; falling C) falling; falling D) rising; rising
Eamon buys a new barbecue using his credit card. In other words, Eamon has used ______ to purchase the barbecue.
a. a guaranteed loan b. currency c. fiat money d. a demand deposit
A(n) ___________ in income will shift the budget line to the left.
a. increase b. decrease c. no change
A change in consumers' expectations about the future will shift both the aggregate expenditure curve and the aggregate demand curve.
a. true b. false