The labor force participation rate:
A. is used as an indication of the health of the overall economy.
B. typically rises during times of recession, as more people need work.
C. tells us what fraction of the working-age population wants to be working, whether or not they actually have a job.
D. All of these are true.
Answer: C
You might also like to view...
In Marx's ideal communist society, the state
Marginal benefit
A) increases as more of a good is consumed. B) decreases as more of a good is consumed. C) is the total benefit from all units consumed. D) is constant as more of a good is consumed. E) is the gain to the producer of producing and selling one more unit of a good.
According to the theory based on rational expectations and flexible wages and prices,
A. neither fiscal nor monetary policy influence real Gross Domestic Product (GDP) in the long run. B. only the combination of discretionary fiscal policy and conservative monetary policy can affect real Gross Domestic Product (GDP) in the long run. C. monetary policy has less effect on real Gross Domestic Product (GDP) than fiscal policy in the long run. D. fiscal policy has less effect on real Gross Domestic Product (GDP) than monetary policy in the long run.
Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2
Refer to Table 20.2. Which terms of trade benefits both countries?
A. 1 motorcycle for 10 tractors B. 1 tractor for 10 motorcycles C. 1 motorcycle for 1/5 of a tractor D. 1 tractor for 12.5 motorcycles