Income is measured as
A. Neither a flow nor a stock.
B. Both a flow and a stock.
C. A stock only.
D. A flow only.
Answer: D
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Which of the following changes will shift the money demand rightward?
a. An increase in the price level b. A decrease in real GDP c. A decrease in the nominal interest rate d. An increase in the nominal interest rate e. A decrease in the price level
Identify the correct statement
a. Demand is the total quantity of a product that people are willing, even if unable, to purchase at a given price. b. Demand for a product is the same as the quantity demanded of a product. c. Demand represents the different quantities of a good or service that provides consumers the same amount of utility. d. Demand is the quantity of a product that people are willing and able to purchase at different prices. e. Demand is the quantity of a product that producers are willing to produce at a particular price.
Which of the following events at an automobile manufacturing plant would most likely cause the movement from S 1 to S 2 ?
a. Hundreds of additional workers were hired to staff a new shift.
b. Millions of dollars were invested to expand and outfit the new facility.
c. Amenities in the plant included onsite child care, a gym, and a health clinic.
d. Many workers were laid off when some plant operations were automated.
In a country with a working-age population of 300 million, 230 million workers are employed and 40 million workers are unemployed. What is the labor force participation rate?
A) 100 percent B) 90 percent C) 65 percent D) 5 percent