If a city has 3293 unemployed people and 73,177 in its labor force, then the city's unemployment rate equals
A) 45.0%.
B) 4.5%.
C) 4.3%.
D) 0.45%.
B
You might also like to view...
What is the principal-agent problem? What are three ways in which firms try to cope with it?
What will be an ideal response?
A major point of the Baumol-Tobin model of the transactions demand for money is that they show that the
A) demand for money is related to income. B) velocity of money is constant. C) fraction of income that people wish to hold in the form of money is constant. D) interest sensitivity of the demand for money is based on a transactions motive shared by most people.
The hidden-cost fallacy occurs when
a. A firm considers irrelevant costs b. A firm ignores relevant costs c. A firm considers overhead or depreciation costs to make short-run decisions d. Both a and c
Over time, housing shortages caused by rent control
A.decrease, because the demand for and supply of housing are less elastic in the long run. B.decrease, because the demand for and supply of housing are more elastic in the long run. C.increase, because the demand for and supply of housing are more elastic in the long run. D.increase, because the demand for and supply of housing are less elastic in the long run.