The unemployment rate measures the percentage of:
a. people in the civilian labor force who are without jobs and actively seeking jobs.
b. the U.S. population that is out of work and actively seeking a job.
c. the civilian noninstitutionalized population that is out of work and actively seeking a job.
d. people over age 21 who are without jobs and actively seeking jobs.
a
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In a three-player game, if the game is symmetric and one player does not have a dominant strategy, then the other two players also have no dominant strategy
Indicate whether the statement is true or false
In the long run, a higher government budget deficit causes
A) a decrease in both private spending and equilibrium real GDP. B) an increase in both private spending and equilibrium real GDP. C) a decrease in private spending while equilibrium real GDP remains unchanged. D) no change in private spending but a decrease in equilibrium real GDP.
If the rich pay more in taxes than the poor, the tax system must be progressive
a. True b. False Indicate whether the statement is true or false
After adjusting for inflation, over time the prices of most natural resources have been
a. steady or falling, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. b. steady or falling, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing. c. rising, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. d. rising, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing.