If the president claims that more people are working now than ever before, then which of the following must be true?
a. The unemployment rate is lower now than ever before.
b. The number of people unemployed is lower now than ever before.
c. The employment rate is higher now than ever before.
d. The number of people in the labor force is higher now than ever before.
e. The number of people employed is higher now than ever before.
E
You might also like to view...
The demand for factors of production is referred to as:
A. primary demand. B. derived demand. C. implied demand. D. production demand.
Birth rates and death rates determine not only population size, but the age distribution of the population. For the poorest countries in the world, the percentage of the population that is under the age of fifteen years old is approximately
a. 5–10 percent b. 10–15 percent c. 15–30 percent d. 30–35 percent e. more than 35 percent
A firm has an incentive to decrease supply now and increase supply in the future if it expects that
A) more firms will enter the market in the future. B) the prices of inputs used to produce the product will rise in the future. C) the price of its product will be lower in the future than it is today. D) the price of its product will be higher in the future than it is today.
An increase in the aggregate price level will result in less investment and therefore an increase in the quantity of aggregate output demanded.
Indicate whether the statement is true or false.