The full-employment rate of unemployment is zero
Indicate whether the statement is true or false
FALSE
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A change in output by one firm in an industry affects the sales of its competitors. This exemplifies ______.
a. tie-in sales b. social welfare c. perfect competition d. mutual interdependence
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. The sweetness of the kiwifruit is based on:
A. its maturity at the time of harvest. B. the amount of water on the ground where it is grown. C. the amount of sunshine at the location of the plantation. D. the variety of the tree.
With a reserve ratio of 0 percent, the maximum potential money multiplier is
A. 0. B. 1. C. 100. D. infinitely large.
If the unemployment rate is 6.2% and the number of people employed is 200,000, the labor force is approximately
A. 210,970 people. B. 212,400 people C. 213,220 people. D. cannot be determined from this information.