Suppose there are 10 million part-time workers and 90 million full-time workers in an economy. Five million of the part-time workers switch to full-time work. As a result, the
A. official unemployment rate will fall.
B. size of the labor force will increase.
C. official unemployment rate will rise.
D. official unemployment rate will remain unchanged.
Answer: D
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The situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction is known as asymmetric information
Indicate whether the statement is true or false
An austerity policy is
A) an increase in the money supply. B) an expenditure reduction and expenditure switching policy. C) an expansionary fiscal policy accompanied by decreases in taxes, increases in expenditures, or both. D) an exchange rate switching policy from a fixed to a flexible exchange rate system. E) None of the above.
The likely result of an economy operating at full employment is:
a. cost-push inflation. b. demand-pull inflation. c. a lower rate of growth. d. hyperinflation.
Of the following balance of payments measures, which one shows bestwhether there are speculative financial capital flows from the nation?
a. Current account b. Balance on goods & services c. Balance on goods, services, and net income d. Capital account e. Financial account