The labor force participation rate:
A. is measured by the labor force divided by the total population.
B. tells us what fraction of the working-age population wants to be working.
C. typically rises during periods of recession.
D. is measured by those employed divided by the working-age population.
B. tells us what fraction of the working-age population wants to be working.
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Katie has a choice of spending $6.00 for another hamburger, which has a marginal utility of 30, or $9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
A) 9. B) 30. C) 31. D) 46.
One clear triumph for New Classical macroeconomics is its contribution to the analysis of hyperinflation
In bringing extremely rapid inflation to a halt by radical changes in policy, there is generally ________ loss of output, which ________ the Policy Ineffectiveness Proposition. A) only a modest, supports a mild form of B) only a modest, completely overturns C) a major, supports a mild form of D) a major, completely overturns
Which of the following is NOT a way of internalizing technology spillovers?
a. subsidies b. patent protection c. industrial policy d. taxes
Explain why you would rather be a borrower during a period of unexpected rising inflation, and a lender during a period of unexpected declining inflation
What will be an ideal response?