The unemployment rate in the U.S. is equal to ________
A) the number of individuals unemployed in the U.S. divided by the U.S. population
B) the number of individuals unemployed divided by the U.S. labor force
C) the size of the U.S. population divided by the number of individuals unemployed
D) the size of the U.S. labor force divided by the number of individuals unemployed
B
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Which of the following are examples of "mediums of exchange"?
A) pigs used to obtain chickens B) goods used to obtain other goods C) money used to buy goods D) all of the above
Who controls a sole proprietorship?
A) owner B) bondholders C) stockholders D) employees
The Phillips Curve implies a trade-off between
A) investment and saving. B) inflation and unemployment. C) employment and income. D) investment and government deficits.
The extent of money expansion will be: a. greater if banks hold on to excess reserves
b. greater if private individuals hold on to cash. c. greater if banks hold on to excess reserves but less if private individuals hold on to cash. d. less if banks hold on to excess reserves but greater if private individuals hold on to cash. e. less if banks hold on to excess reserves or private individuals hold on to cash.