The unemployment rate tells us:
A. what percentage of the labor force wants to work and can't find a job.
B. who is currently unemployed.
C. why the unemployed can't find work.
D. the number of people who really don’t want to work.
A. what percentage of the labor force wants to work and can't find a job.
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Certain goods are related such that an increase in the price of one good decreases the quantity demanded of the other. These goods are
A. complements. B. substitutes. C. luxury goods. D. competing goods.
An increase in the foreign real interest rate would cause the domestic country's net exports to ________ and cause the domestic country's IS curve to ________
A) rise; shift up B) rise; shift down C) fall; shift up D) fall; shift down
The vicious circle of poverty is the trap that parents with low education tend to have children with low education
a. True b. False Indicate whether the statement is true or false
If unemployment and inflation move inversely, then we can infer that business fluctuations are
a. from the demand side. b. from the supply side. c. from both the demand and supply side. d. purely random events.