When the Bureau of labor Statistics makes seasonal adjustments in the labor force data, what is it likely to do with the number of people in the labor force during the month of June?
A) Lower the number each year.
B) Raise the number each year.
C) Lower the number about as often as it raises the number in the long run.
D) Multiply the number by the labor force participation rate.
B
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During the entire period of 1820–1920, there were persistent trends in the structure of American foreign trade. They exhibited
(a) a decrease in imported finished manufactures and an increase in exported finished manufactures. (b) an increase in the exports of crude materials and foodstuffs and a decline in their importation. (c) increases in both imports and exports of manufactured goods and foodstuffs. (d) no exports or imports.
An advantage of using the midpoint method to calculate the price elasticity of demand is that it uses the metric system
a. True b. False Indicate whether the statement is true or false
Sarafina withdraws $450 from her saving account and places the money in her wallet. This transaction will
A. increase both M1 and M2. B. decrease both M1 and M2. C. not change M1 and decrease M2. D. increase M1 and not change M2.
If the employment rate is 93%, then the unemployment rate is
A. 7%. B. 13%. C. 97%. D. unknown based on the information given.