The sum of the number of employed persons and the number of unemployed persons equals the civilian noninstitutional population.
Answer the following statement true (T) or false (F)
False
These two groups together represent the labor force, Homemakers, students, retirees, the voluntarily idle, the disabled, and people under 16 years old are members of the civilian noninstitutional population, but not the labor force.
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If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account, then M1 will ________ and M2 will ________
A) not change; increase B) decrease; not change C) decrease; increase D) increase; increase E) increase; decrease
In addition to shifting its demand curve to the right, a firm may engage in advertising in order to
a. make its demand curve more elastic b. increase the elasticity of its supply curve c. discourage competition d. make its demand curve less elastic e. decrease consumer awareness
The Federal Open Market Committee oversees the money supply through the purchase and sale of government securities
a. True b. False Indicate whether the statement is true or false
An American retailer purchased 500 pairs of shoes from a company in Thailand in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016 . Which of the following components of U.S. GDP is affected by this transaction in the third quarter of 2016?
a. consumption, investment and imports b. only consumption and investment c. only consumption and imports d. only investment and imports