Refer to Exhibit 6-2. The employment rate in year 2 is
a. 12 1/2 percent.
b. 75 percent.
c. 87 1/2 percent.
d. 30 percent.
e. 50 percent.
Answer: e. 50 percent.
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Which of the following explains the effect of prices on profits in the short-run?
a. The direct relationship between aggregate quantity demanded and national output. b. The direct relationship between aggregate quantity supplied and the price level. c. The inverse relationship between aggregate quantity demanded and national output. d. The inverse relationship between aggregate quantity supplied and profits. e. The inverse relationship between aggregate quantity supplied and national output.
Factors that strongly influence a nation’s level of trade are:
a. its geographic size, geographic location, and history of trade. b. the size of its economy, the number of people, and its history of trade. c. the size of its economy, its geographic location, and its history of trade. d. the value of products, its geographic location, and its history of war.
The relationship between the economy's level of investment and changes in its national income is known as the
a. income multiplier b. cyclical multiplier c. induced investment phase of the business cycle d. accelerated growth path function e. accelerator
In 2013, Medicaid spending (net of CHIPs) per patient was on average
A. $938. B. around $7,000. C. $4,211. D. $1,652.