The labor force is the part of the adult population that is either working or actively looking for a job.
Answer the following statement true (T) or false (F)
True
The labor force is the part of the adult population that is either working or actively looking for a job.
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Suppose equilibrium for an economy occurs when C + I + G + X = $14 trillion. If the real Gross Domestic Product (GDP) is $13 trillion, then unplanned inventories are
A) increasing, and real Gross Domestic Product (GDP) will contract. B) increasing, and real Gross Domestic Product (GDP) will expand. C) decreasing, and real Gross Domestic Product (GDP) will expand. D) decreasing, and real Gross Domestic Product (GDP) will contract.
Eurobank activities cannot have any influence on domestic monetary practice since Eurodollars do not provide a means of payment
Indicate whether the statement is true or false
Marginal utility is total utility divided by the number of units consumed
a. True b. False Indicate whether the statement is true or false
In a market economy, who makes the decisions that guide most economic activity?
a. firms only b. households only c. firms and households d. government