If the number of people in the labor force ________, then ________
A) increases; the labor force participation rate increases
B) increases; the unemployment rate definitely increases
C) decreases; the unemployment rate definitely decreases
D) decreases; the labor force participation rate increases
E) decreases, the unemployment rate does not change
A
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What determined the exchange rates among currencies under the gold standard, and what caused the gold standard to collapse?
What will be an ideal response?
An equilibrium in a game in which players pursue their own self-interest is called
A) a prisoner's dilemma. B) a Nash equilibrium. C) a noncooperative equilibrium. D) a cooperative equilibrium.
Refer to Figures d and e. Water is crucial for survival, but it is particularly valuable during a drought when water is scarce. The probability of a drought is (1 - P), WD represents the quantity of water in a drought, while WR represents the quantity of water in a rainy season. Which set of indifference curves above best represent a relatively high probability of a drought?
A. Figure d
B. Figure e
C. Probabilities do not influence indifference curves.
D. Both Figures represent a relatively low probability of a drought.
Refer to the information provided in Figure 27.4 below to answer the question(s) that follow.
Figure 27.4Refer to Figure 27.4. Higher price levels coupled with lower output are the result of
A. economic growth. B. deflationary growth. C. stagflation. D. deflation.