The unemployment rate for blacks is generally ___ the unemployment rate experienced by whites.
Fill in the blank(s) with the appropriate word(s).
double
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A proportional tax is one that
A. Rises as income rises. B. Is collected voluntarily for specific expenditure purposes. C. Collects the same rate on every dollar of income. D. Falls as income rises.
Which of the following is more likely to have perfectly elastic or nearly perfectly elastic demand?
A. the guitar produced by a master craftsman B. a textbook required for an economics course C. cotton produced by a Texas farmer D. the services offered by the only allergist in the community
Worker mobility is the:
A. demand for labor in different industries and firms. B. way to end globalization. C. process of increasing the size of the working-age population. D. movement of workers between job, firms, and industries.
Through open market operations, the Fed is able to influence
A. Portfolio decisions. B. Real output but not the price level. C. The stock market but not the bond market. D. Automatic stabilizers.