When recent college graduates begin looking for their first professional work in June, the unemployment rate
A. increases as the labor force decreases.
B. increases as the labor force increases.
C. decreases as the labor force decreases.
D. decreases as the labor force increases.
Answer: B
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Suppose the currency drain ratio is 33.33 percent and the desired reserve ratio is 10 percent. The money multiplier equals
A) 3.00. B) 3.08. C) 2.50. D) 6.67. E) 4.27.
The following are the equations for the supply and demand curves in the market for weezils: Demand: Qd= 20?2P Supply: Qs= 5 + 3P where Qdis the quantity demanded, Qsis the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?
A. 5 B. 10 C. 12 D. 14
A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
Under George W. Bush's administration, antitrust policy:
a. became much more strict. b. prohibited every merger attempts. c. focused increasingly on environmental concerns. d. became more relaxed. e. ignored financial regulation and corporate scandals.