The labour force is
A) the total number of people employed.
B) the total number of people in the working-age population who are either employed or unemployed.
C) the total number of people in the working-age population who are employed.
D) the total number of people aged 15 years and over.
E) none of the above.
B) the total number of people in the working-age population who are either employed or unemployed.
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On the graph above, suppose point G is on the short-run aggregate supply curve ? = 2.5 + 2 × (Y - 22 ) and aggregate demand curve Y = 29.25 - 0.5?
If output at point G is 25, and inflation expectations are adaptive, then the inflation rate next period will be ________. A) 11.5 B) 14.5 C) 8.5 D) 2.5 E) none of the above
New York City limits the number of taxi cabs that can legally operate in the city. The most likely result of this practice is that
a. cab fares will be lower. b. cab fares will be higher. c. the cost of operating a taxicab will be lower. d. subway fares will decrease.
Focal point equilibria definitely violate the principle of rational choice.
Answer the following statement true (T) or false (F)
Which are liabilities to a bank?
A. Property and capital stock. B. Capital stock and demand deposits. C. Vault cash and demand deposits. D. Capital stock and reserves.