If workers and firms have rational expectations, they form their expectations using
A) all the information available to them.
B) only information from the past.
C) only information provided to them by the government.
D) only information gathered from random sources.
Answer: A
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If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be
A. 8%. B. 6%. C. 4%. D. 10%.
If the price of cotton used in making blue jeans increases, which of the following will occur?
A) There will be a movement along an unchanged supply curve for jeans. B) The supply curve for jeans will shift rightward. C) The supply curve for jeans will shift leftward. D) There will be a rightward shift in the supply curve for jeans, followed by a movement along the supply curve.
In 2012, about _____% of all Americans under the age of 65 did not have health insurance
a. 10% b. 12% c. 17% d. 20%
Maximum Feasible Hourly Production Rates of EitherProduct A or Product B Using All Available ResourcesProductCountry XCountry YA48B44 Refer to the above table. Assuming constant opportunity costs
A. both countries will be willing to engage in trade at a rate of exchange of 3 units of product A for 1 unit of product B. B. both countries will be willing to engage in trade at a rate of exchange of 1.5 unit of product A for 1 unit of product B. C. both countries will be willing to engage in trade at a rate of exchange of 0.3 unit of product A for 1 unit of product B. D. neither country will be willing to engage in trade at any rate of exchange of product A for product B.