Last year, 1,000 cases of bottled water were sold at $5; this year, 1,200 cases were sold at $7 . These data could be explained by the
a. supply and demand curves shifting to the right.
b. supply and demand curves shifting to the left.
c. supply curve shifting to the left, with no change in demand.
d. demand curve shifting to the right, with no change in supply.
D
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Historically, the United States has experienced
A) no changes in the unemployment rate since World War II. B) periods of both increases and decreases in the unemployment rate since World War II. C) continuous increases in the unemployment rate since World War II. D) continuous decreases in the unemployment rate since World War II.
The percentage of people employed aged 16 years and older divided by the working-age population is known as the
A) employment rate. B) employment-to-population ratio. C) labor force participation rate. D) working-age population ratio.
When the U.S. government purchases capital equipment, such as a computer, these expenditures are part of investment in GDP
a. True b. False Indicate whether the statement is true or false
Due to their belief in interest rate flexibility, the classical economists argued that saving is matched by an equal amount of investment
Indicate whether the statement is true or false