Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are unemployed in this economy?
A. 1.0 billion
B. 800 million
C. 80 million
D. 200 million
Answer: D
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Under what conditions might a monopoly be more efficient than a perfectly competitive firm?
What will be an ideal response?
Given the data in the above table, what is the marginal revenue when the 14th unit is sold?
A) $7.00 B) $5.00 C) $3.00 D) $1.00
Refer to the accompanying figure.
Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. B; A B. B; C C. D; B D. D; C
Contractionary monetary policy generally:
A. decreases the inflow of financial capital. B. increases the inflow of financial capital. C. decreases the U.S. exchange rate. D. lowers U.S. interest rates.