People who were working in the formal sector and now work in the underground economy but report being unemployed will cause the unemployment rate to ________, and this action tends to ________ the unemployment rate
A) increase; overstate
B) increase; understate
C) decrease; overstate
D) decrease; understate
A
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Every day, we make many choices. We can't avoid having to make choices because _______.
a. Our wants exceed the resources available to satisfy them.
b. We cant find enough things to do to fill our day
c. There is too much variety
d. There is too much available
e. There are too many TV channels
Which of the following is true of the wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy?
A) The wage gap has increased over time. B) The wage gap has decreased over time. C) The wage gap has remained the same over time. D) There is hardly any wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy.
If velocity is constant then targeting the money supply and nominal GDP is
A) effectively an interest rate target. B) effectively a real GDP target. C) effectively the same thing. D) inherently inconsistent.
Food Fanatics caters meals where their cost for producing an extra meal is $20 . Each of their meals is standard and sells for $25 . At this rate what should the company do?
a. Produce more meals and increase their profit b. Produce fewer meals and increase their profit c. Not change production d. None of the above