Which of the following is a positive statement?
a. An unemployment rate of 7 percent or higher is a national disgrace.
b. Unemployment is a less important problem than inflation.
c. When the national unemployment rate is 7 percent, the unemployment rate for inner-city youth is often close to 40 percent.
d. Unemployment and inflation are equally important problems.
e. An inflation rate of 7 percent is too high.
C
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A serious consequence of a financial crisis is
A) a contraction in economic activity. B) an increase in asset prices. C) financial engineering. D) financial globalization.
It is easier to under-report income in industries that deal with a lot of cash.
A. True B. False C. Uncertain
An employer-employee relationship is
a. a nonmarket relation b. a principal-agent relation c. a comparable worth relation d. a substitution relation e. a winner's curse
Loanable funds are the physical equivalent to capital equipment
Indicate whether the statement is true or false