Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness?
A) inflation
B) discouraged workers
C) counting people as employed who are working part time, although they would prefer to be working full time
D) unemployed persons falsely report themselves to be actively looking for a job
Answer: D
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When the Fed targets interest rates, rightward shifts in the IS curve force the Fed to ________ the money supply to hold to that target, which acts to ________ velocity
A) raise, destabilize B) raise, stabilize C) lower, destabilize D) lower, stabilize
If we know that the exchange rate is $1.60 per pound then the exchange rate of pounds per dollar is
a. greater than 1.60 b. 0.80 c. 1.00 d. 0.625 e. 1.60
The largest six Americans unions each has at least _____ members.
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT an assumption of monopolistic competition?
a. Each firm's output is slightly different from other firms in the industry. b. There are many firms in the industry. c. Production occurs with increasing returns to scale technology. d. Each firm faces a perfectly elastic demand curve.