What is included in the public statement released by the FOMC following the conclusion of its meeting?
What will be an ideal response?
The FOMC summarizes its view of the balance or risks between higher inflation and a weakening economy.
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Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate. B) increase the measured unemployment rate. C) decrease the number of persons in the labor force. D) decrease the number of persons in the working-age population.
________ policies involve government support for manufacturing sectors in which a country has potential comparative advantage
A) Comprehensive development B) Primary-export-led development C) Import-substitution development D) Outward-looking development
Keynesians tend to believe
A) the markets work freely. B) that free market economics is faulty. C) that government spending is the source of economic instability. D) none of these choices.
An investor is trying to decide whether to put his funds into stocks or bonds. He expects rising interest rates over the next year and higher inflation. Your advice?