The unemployment rate:
A. is measured by the number of people who are unemployed divided by the labor force.
B. is never zero.
C. measures what percentage of our labor force is currently looking for a job and can't find one.
D. All of these are true.
D. All of these are true.
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The price equals marginal cost rule for profit maximization is a specific example of which core principle?
A. The Principle of Comparative Advantage B. The Cost-Benefit Principle C. The Scarcity Principle D. The Efficiency Principle
An increase in the real interest rate will
What will be an ideal response?
If you earned an extra $2,000 and paid $400 in taxes on that income, what would your marginal tax rate be?
What will be an ideal response?
For a country with a floating exchange rate and, initially, an overall payments balance of zero, if the country implements expansionary monetary policy, the LM curve will shift to the ________ which will lead to the country's currency to
A. right; appreciate. B. left; depreciate. C. left; appreciate. D. right; depreciate.