The unemployment rate is the number of people unemployed divided by the
A) number of people employed, then multiplied by 100.
B) working-age population, then multiplied by 100.
C) labor force, then multiplied by 100.
D) labor force participation rate, then multiplied by the population.
E) population, then multiplied by 100.
C
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If government purchases increase and as a result push current output above potential output, monetary policymakers are likely to:
A. purchase Treasury securities. B. raise the real interest rate. C. lower the real interest rate. D. keep the real interest rate constant and focus on only changing the nominal interest rate.
When a supplier imposes resale price maintenance on its dealers, social gain will increase as long as
a. the supplier chooses to charge a competitive price for its product. b. the value consumers receive from dealer services outweighs their cost. c. dealers are allowed to charge consumers less than the supplier's recommended retail price. d. dealers are able to enter and exit the industry costlessly.
Limiting protectionism means
A) reducing political dishonesty. B) reducing consumer fraud. C) reducing trade barriers. D) reducing corruption.
The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product
A) is sometimes greater than and other times less than B) equals C) is greater than D) is less than