The unemployment rate is computed by dividing the _____ by the _____.
Fill in the blank(s) with the appropriate word(s).
number of employed, labor force
Economics
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Which of the following leads to a deadweight loss? i. competition ii. taxes iii. consumer surplus iv. monopoly
A) ii only B) iii and iv C) i and ii D) ii and iv E) i, ii, and iii
Economics
What is moral hazard?
What will be an ideal response?
Economics
Consumer sovereignty refers to a situation in which there is only one "sovereign" consumer deciding what is to be produced in the market
Indicate whether the statement is true or false
Economics
Look at the above figure. Suppose the economy was initially in equilibrium at point A. What point would represent the short-run equilibrium if the Fed makes an open market purchase of bonds?
A. A B. B C. C D. D
Economics