The poverty rate is the percentage of the population whose family income falls below an absolute level called the
poverty line
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The short-run Phillips curve shows ________ between the unemployment rate and the inflation rate, and the long-run Phillips curve shows ________ between the unemployment rate and the inflation rate
A) a positive relationship; a negative relationship B) a negative relationship; a positive relationship C) no relationship; a negative relationship D) a negative relationship; no relationship E) no relationship; no relationship
Rick and Kate want to go on a date. Rick wants to go to a rock concert while Kate wants to go to a movie. Rick values going to the concert at $100, while Kate values watching a movie at $50. What is the equilibrium in this situation?
What will be an ideal response?
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70 B) 4.07 C) 4.75 D) 4.00
Which of the following is true along the demand curve for labor?
a. The marginal cost of labor is constant. b. The wage rate is constant. c. The total cost of production is constant. d. The quantity of labor demanded is constant. e. The prices of all other inputs are constant.