Economic growth is defined as a long-run increase in an economy's
a. resources
b. employment rate
c. total output of goods and services
d. level of profits
e. money supply
C
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The BLS count Jody as being unemployed if she _______
A. had a job last month but not this month B. doesn't have a job because the U.S. factory where she worked cannot compete with cheap Chinese imports C. wants a job and looked for a job last year but has now stopped looking D. wants a job and is willing to take a job but after searching last week cannot find a job
If a stock's dividend is expected to grow at a constant rate of 4 percent in the future
and it has just paid a dividend of $6.00 per share, and you have an alternative investment of equal risk that will earn a 7 percent rate of return, what would you be willing to pay per share for this stock? A) $6.66 B) $54.55 C) $200.00 D) $208.00
If a Phillip curve shows that unemployment is low and inflation is high in the economy, then that economy:
a. is producing at its potential GDP. b. is producing at a point where output is more than potential GDP. c. is producing at a point where output is less than potential GDP. d. is producing at its equilibrium point.
The Case-Shiller index is normalized to equal 100 in January
A) 1999. B) 1990. C) 2000. D) 2001.