If the number of people employed is 190 million and the number of people in the labor force is 200 million, then the unemployment rate is
A. 5%.
B. 10%.
C. 90%.
D. 95%.
Answer: A
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After a shift from AD0 to AD1, which of the following patterns of adjustment is consistent with the "Price Fooling" model?
A) A to B to E B) A to F to E C) A to C to E D) A to C to A
Household income after taxes is called: a. national income
b. gross domestic product. c. disposable personal income. d. gross national product.
"Trade restrictions such as tariffs and quotas are like a blockade that a nation imposes on its own people." Is this statement true?
A) Yes, both the trade restrictions and a blockade will reduce the gains from specialization and trade. B) No, a blockade will help the residents of a nation achieve a higher income level; trade restrictions will not. C) No, trade restrictions will help the residents of a nation achieve a higher income level; a blockade will not. D) Uncertain, the statement is true if the gains of the residents exceed those of foreigners; otherwise it is false.
Which of the following tends to cause business investment in plant and equipment to decline?
an increase in corporate profits higher real interest rates lower real interest rates optimistic expectations