The unemployment rate as determined by the BLS will increase whenever there is a(n)
a. increase in the number of persons classified as underemployed
b. increase in the number of unemployed persons while the size of the labor force remains unchanged
c. increase in both the number of unemployed and the size of the labor force
d. reduction in the size of the labor force
e. reduction in both the size of the labor force and the number of unemployed
B
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The price of one good changes and Sue is now at a point on her indifference curve where the marginal rate of substitution exceeds the relative price. Sue will now choose to buy ________ of the good that is measured on the ________
A) more; x-axis B) more; y-axis C) the same quantity; x-axis D) less; x-axis
If the painting firms in a city sign a contract outlining a pricing plan, they are involved in
A) price regulation. B) collusion. C) price competition. D) a legal form of business contract in the United States.
Which of the following would decrease net exports in the United States?
A) A Mexican citizen purchases 100 shares of stock in IBM. B) The U.S. government donates $25 million to Mexico to help victims of a hurricane in Mexico. C) An American party planner purchases 350 piñatas from Mexico. D) The government of Mexico purchases 2,000 Dell laptop computers from the United States.
In the early 2000s, the Fed's ____________ interest rate policy had several effects. Among these effects were a _______________ in mortgage interest rates and a(n) ____________ in the size of loans taken out by mortgage borrowers
A) high; decline; decrease B) low; decline; increase C) low; rise; increase D) high; rise; increase