The unemployment rate is the number of unemployed people:
A. divided by the number of people who are working.
B. divided by the total working-age population.
C. divided by the sum of the number of people who are working and the number of people who are looking for work.
D. and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work.
Answer: C
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What makes the Federal Reserve so unique compared to other central banks around the world is its
A) centralized structure. B) decentralized structure. C) regulatory functions. D) monetary policy functions.
Discuss some of the government regulations designed to ensure depositors' safety and to control the money supply
One study of the distribution of wealth indicates that the bottom 40 percent of households hold 1 percent or less of total marketable wealth in the United States and the top 1 percent owns close to 40 percent of it. An economist might observe that these data do not include the value of human capital: the value of labor and skills embodied in a person. If we were to include human capital, which of the following people's net worth would change the most?
A. Debra, who recently received a $25,000 bonus from her job that she has spent on an around-the-world trip B. Betty, who has just retired but expects to live well because her retirement account is worth $1,000,000 C. Alice, who has just completed her education as a medical doctor and now has student loans of $100,000 D. Carol, who has just bought an apartment for $500,000 using savings and bank loans
A risk-averse investor versus a risk-neutral investor:
A. will take the same risks as the risk neutral investor if the expected returns are equal. B. needs greater compensation for the same risk versus the risk neutral investor. C. will never take a risk, while the risk neutral investor will. D. needs less compensation for the same risk versus the risk neutral investor.