Do policy makers know the level of unemployment that is associated with "full employment"?
a. Yes, economists have the precise level of unemployment that is full employment.
b. Yes, although there is a small range of uncertainty in this measure.
c. No, economists have no idea what this level of unemployment is.
d. No, this number is not known with complete accuracy.
d
You might also like to view...
An increase in the interest rate will: a. increase the amount of money supplied by lenders
b. decrease the amount of money supplied by lenders. c. have no effect on the amount of money supplied by lenders. d. have an ambiguous effect on the amount of money supplied by lenders.
Is the national debt a burden to future generations?
a. No, as long as foreigners own a significant share of the national debt. b. No, as long as the national debt is owned purely by U.S. citizens. c. Yes, debt is always a burden to future generations. d. Yes, unless foreigners increase their share of the national debt.
Under which of the following circumstances would an auditor be most likely to intensify an examination of a $500 imprest petty cash fund?
A) Reimbursement occurs twice each week. B) Reimbursement vouchers are not prenumbered. C) The custodian occasionally uses the cash fund to cash employee checks. D) The custodian endorses reimbursement checks.
Related to the Economics in Practice on page 214: According to the Economics in Practice, firms where managers had more extensive training experienced
A. a decrease in the marginal product of labor. B. increased productivity. C. increasing wage rates. D. a decrease in the marginal revenue product of labor.