If the overall unemployment rate is 8 percent, it is likely that:
a. It is greater than 8 percent for teenagers
b. It is less than 8 percent for college=educated middle-aged men.
c. It is more than 8 percent for those without a high school diploma.
d. All of the above are true.
d
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A firm will purchase additional units of a resource as long as each unit's
a. marginal revenue product is greater than zero b. marginal revenue product equals the product price c. marginal revenue product is greater than or equal to its marginal resource cost d. marginal revenue product is less than its marginal resource cost e. total revenue product is greater than its marginal resource cost
Some countries have inflation around or in excess of 8 percent. Suppose that the sacrifice ratio is 2.5 . What is the cost of reducing inflation from 8 percent to 2 percent? In your answer, define the sacrifice ratio and explain how you found the cost of inflation reduction
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. To force this firm to produce the efficient level of output, the government should impose a tax of
A. $5.00 per car. B. $10.00 per car. C. $15.00 per car. D. an amount that is indeterminate from this information.
The process of money creation by the banking system is limited, in part, by the
A) Comptroller of the Currency. B) number of depositors. C) laws passed each year by the U.S. Congress. D) desired reserve ratio. E) number of banks.