Which of the following groups of people are counted as employed?
a. People who work at least one hour a week.
b. People who work at least 15 hours a week as unpaid employees of a family business.
c. People who are out of work due to bad weather.
d. All of these are counted as employed.
d
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The fastest growing nations today
A) are not saving but instead are investing. B) have the government directing all their research and development. C) have non-democratic political systems. D) have the fastest growing exports and imports. E) have erected many trade barriers to protect domestic firms.
Suppose your New Year's resolution is to get back in shape. You are considering various ways of doing this; you can sign up for a gym membership, walk to work, take the stairs instead of the elevator, or watch your diet
How would you evaluate these options and choose an optimal one?
In the above figure, assume the economy is in equilibrium at point d. Then the Fed decreases the money supply so that the new aggregate demand curve is AD1. In the long run, the new price level will be
A) 100. B) 120. C) 130. D) 110.
Programs to control government spending automatically kick in when government spending exceeds 15% of gross domestic product
Indicate whether the statement is true or false