Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world?
a. Downward sloping
b. Perfectly horizontal
c. Upward sloping
d. There would be no such curve
e. Perfectly vertical
E
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The employment ratio is the ________
A) labor force divided by the population B) proportion of the civilian working-age population that is employed C) number of individuals employed divided by the size of the labor force D) number of individuals employed divided by the number of the unemployed
A vertical supply curve may be described as being
A) relatively elastic. B) perfectly inelastic. C) relatively inelastic. D) perfectly elastic.
In 2011, what percentage of U.S. families had income levels below $75,000?
a. 20 percent b. 40 percent c. 60 percent d. 80 percent
Goods that cost 1/5 of one dollar in the U.S. cost one kroner in Denmark, the real exchange rate would be computed as how many Danish goods per U.S. goods?
a. five b. the amount of kroner that can be bought with twenty U.S. cents c. the amount of kroner that can be bought with 5 dollars d. None of the above is correct.