If the number of unemployed is greater than the number of employed, the unemployment rate is
A. over 100%.
B. more than 50%.
C. less than 50%.
D. None of the choices are correct.
B. more than 50%.
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Market interest rates are determined by
a. banks b. Wall Street c. the demand for loanable funds d. the supply of loanable funds e. the demand for and supply of loanable funds
The main reason why the short-run aggregate supply curve slopes upward is that as the average price level increases, larger scales of production become more profitable
a. True b. False Indicate whether the statement is true or false
Since 1970, exports, as a percent of world GDP, have
a. decreased but remain higher than 10 percent b. increased c. remained about the same d. decreased to below 10 percent e. exceeded 100 percent
If something happens to alter the quantity supplied at any given price, then
a. we move along the supply curve. b. the supply curve shifts. c. the supply curve becomes steeper. d. the supply curve becomes flatter.