The percentage of the noninstitutionalized working-age individuals who are employed or seeking work is known as
A. the labor force.
B. the stock of employed and unemployed workers.
C. discouraged worker.
D. the labor force participation rate.
Answer: D
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Refer to Figure 6-6. As price falls from PA to PB, the quantity demanded increases most along D1; therefore
A) D1 is more elastic than D2 or D3 B) D1 is more inelastic than D2 or D3. C) D1 is elastic at PA but inelastic at PB. D) D1 is unit elastic.
The M1 measure of money is suggested by the ________ approach to measuring money
A) investment B) liquidity C) transactions D) security
Which of the following Fed actions will increase the money supply?
A) open market purchases of Treasury notes B) an increase in the required reserve ratio C) an increase in the discount rate D) all of the above E) none of the above
Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.
a. true b. false