If discouraged workers were counted as unemployed, then as output decreased the unemployment rate would
A. fall by less than is the case if discouraged workers are not counted as unemployed.
B. increase by less than is the case if discouraged workers are not counted as unemployed.
C. increase by more than is the case if discouraged workers are not counted as unemployed.
D. fall by more than is the case if discouraged workers are not counted as unemployed.
Answer: C
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The value of the money multiplier will depend on the rate of interest that banks charge
a. True b. False Indicate whether the statement is true or false
Individual transferable quotas (ITQs) have been shown to
a. increase the value of fisheries but reduce the safety of fishers as the season is shortened. b. end overfishing by making the use of efficient technology illegal. c. increase the safety of fishing but not the value to consumers of the product. d. increase the value to consumers of the product and raise the price received by fishers.
Price controls are usually enacted
a. as a means of raising revenue for public purposes. b. when policymakers believe that the market price of a good or service is unfair to buyers or sellers. c. when policymakers tax a good. d. All of the above are correct.
Which of the following is true regarding the policy positions of George H.W. Bush and Bill Clinton in the 1992 election?
a. Bush's approach was relatively more active, while Clinton's was relatively more passive. b. Both Bush and Clinton were advocates of a passive approach. c. Bush's approach was relatively more passive, while Clinton's was relatively more active. d. Both Bush and Clinton were advocates of an active approach.