Using the information in the table above, calculate the employment-to-population ratio
A) 75 percent
B) 65 percent
C) 50 percent
D) 23.2 percent
B
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Claims that economic agents have against banks are known as:
A) assets. B) capital. C) deposits. D) liabilities.
During recent years, the Fed's focus has clearly been on the use of
A) the discount rate. B) the federal funds rate. C) the M2 money supply. D) borrowed reserves.
If an individual's supply of labor curve is positively sloped throughout, then
a. the substitution effect always dominates the income effect. b. the income effect always dominates the substitution effect. c. the substitution effect dominates at low real wage levels and the income effect dominates at high real wage levels. d. the income effect dominates at low real wage levels and the substitution effect dominates at high real wage levels.
If the actual price level is less than the expected price level reflected in long-term contracts, _____
a. firms will find production more profitable in the short run than they had expected and will decrease the quantity of output supplied b. firms will find production less profitable in the short run than they had expected and will decrease the quantity of output supplied c. firms will find production more profitable in the short run than they had expected and will increase the quantity of output supplied d. resource owners will earn higher returns in the short run than they had expected and will decrease the quantity of resources supplied e. unemployment will increase in the short run as firms will substitute labor with capital inputs