The unemployment rate is the:
A. number of workers in the labor force.
B. number of workers unemployed.
C. percentage of the labor force that is out of work.
D. percentage of the population that is out of work.
Answer: C
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Sam has $500 in traveler's checks. He cashes a $100 traveler check, deposits $150 into his checking account at a Savings and Loan Association, and deposits the remaining $250 into a savings account at a credit union. Immediately, ________
A) M1 decreases by $250 and M2 does not change B) M1 decreases by $400 and M2 increases by $250 C) M1 does not change and M2 increases by $250 D) M1 and M2 do not change
An expansionary fiscal policy will lead to
a. higher interest rates, an appreciated dollar, and reduced net exports. b. higher interest rates, an appreciated dollar, and increased net exports. c. reduced interest rates, an appreciated dollar, and reduced net exports. d. reduced interest rates, an appreciated dollar, and increased net exports.
A high level of air pollution worsens the health condition of Cynthia, who is asthmatic. This is an example of a positive externality
a. True b. False Indicate whether the statement is true or false
If a dollar is initially valued at 10 Swiss francs and its value changes to 12 Swiss francs, then the value of a Swiss franc (in terms of dollars) has
A. increased only if the demand for Swiss francs has increased. B. remained the same. C. increased. D. decreased.