Adult population 200 million labor force 150 million employed persons 138.75 million Discouraged workers 10.5 million According to the accompanying labor data, the unemployment rate is
What will be an ideal response?
7.5%
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Rules used to predict movements in stock prices based on past patterns are, according to the efficient markets hypothesis
A) a waste of time. B) profitably employed by all financial analysts. C) the most efficient rules to employ. D) consistent with the random walk hypothesis.
The largest U.S. economic downturn between 1890 and the present occurred during which of the following events?
a. The Buffalo Head Nickel Panic b. The Rich Man's Panic c. The Great Depression d. The Great Banana Crisis of 1897
According to the text, a rise in the interest rate
A. may either raise or lower consumer savings. B. will raise consumer savings. C. will lower consumer savings. D. will cause the rental cost of capital to decrease.
The specific technology chosen by a profit-maximizing clothing manufacturer depends on
A. output prices. B. supply of the output. C. input prices. D. demand for the output.