In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7.3 million, the labor force was 5.2 million, and the number of people employed was 4.8 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about
a. 71.2% and 7.7%
b. 71.2% and 5.5%
c. 65.8% and 7.7%
d. 65.8% and 5.5%
a
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Make use of the quantity theory of money to solve the following problem
If the Fed has an inflation target of 2% and the velocity of money is constant, by how much should it increase the money supply each year if economic growth is expected to average 3%?
Economists use the word equality to describe a situation in which
a. each member of society has the same income. b. each member of society has access to abundant quantities of goods and services, regardless of his or her income. c. society is getting the maximum benefits from its scarce resources. d. society's resources are used efficiently.
Which of the following would encourage greater investment in capital?
a) an increase in the corporate profits tax b) greater uncertainty regarding the rate of return c) an increase in the price of capital d) a reduction in the rate of interest e) an increase in the rate of depreciation or obsolescence
People who buy used homes often insist on having a "home inspection" before they finalize the purchase. If the house fails the inspection the buyer has the right to refuse to buy the house unless the seller fixes whatever problems are found. Does this help or hurt the seller?
What will be an ideal response?