The unemployment rate in an economy is 12 percent. The civilian labor force is 50 million. The number of employed workers in the economy is:
a. 38 million
b. 40 million
c. 44 million
d. 42 million
c. 44 million
Economics
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What is meant by "excess capacity"? How does it relate to consumer utility?
What will be an ideal response?
Economics
Julie is in the 28 percent tax bracket. She earns an 8 percent rate of return after taxes on a tax-free municipal bond. What will the after-tax rate of return be on a taxable bond (with equal risk)?
A. 36 percent B. 28 percent C. 14 percent D. 8 percent
Economics
Which of the following is most likely to cause the long-run aggregate supply curve to shift rightward?
What will be an ideal response?
Economics
Perfectly competitive firms
A. are price takers. B. sell homogeneous products. C. are small relative to the size of the market. D. All of the above are correct.
Economics