Involuntary unemployment
A) will increase as the wage rate falls.
B) exists when there is an excess quantity of labor supplied.
C) occurs when the wage rate is below the equilibrium wage rate.
D) exists when there is a shortage of labor.
B
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The above table has the private demand for loanable funds and the private supply of loanable funds schedules
If the government budget surplus is $200 billion, and there is no Ricardo-Barro effect, the equilibrium real interest rate is ________ and the equilibrium quantity of loanable funds is ________. A) 8 percent; $700 billion B) 4 percent; $700 billion C) 4 percent; $500 billion D) 8 percent, $500 billion E) 6 percent; $600 billion
For an economy, aggregate demand equals:
A. consumption plus investment plus government spending plus exports. B. consumption plus investment plus government spending plus (exports minus imports). C. consumption plus investment plus (taxes minus transfers) plus (exports minus imports). D. consumption plus investment plus government spending plus (imports minus exports).
In 2012, the general public (excluding Federal agencies) held about what percentage of U.S. Federal debt?
A. 33% B. 50% C. 60% D. 75%
________ is an industry market structure with a small number of firms each large enough to impact the market price of its output.
A. An oligopoly B. A monopoly C. Monopolistic competition D. Perfect competition