Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000
a. 1,425
b. 1,450
c. 1,500
d. 1,525
e. 2,000
c
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In order to promote growth through increased quantities of physical capital, governments must promote:
A. a better educational system. B. job training programs. C. funding for basic science. D. high rates of saving and investing.
The value of cross elasticity of demand between orange soda and grape soda is:
a. negative. b. positive. c. 0. d. between ?1 and 0. e. less than ?1.
What are the sources of the demand for loanable funds? What happens to the quantity of loanable funds demanded when the interest rate rises?
In 2009 President Obama and Congress increased government spending. Some economists thought this increase would have little effect on output. Which of the following would make the effect of an increase in government expenditures on aggregate demand smaller?
a. the MPC is small and changes in the interest rate have a small effect on investment b. the MPC is small and changes in the interest rate have a large effect on investment c. the MPC is large and changes in the interest rate have a small effect on investment d. the MPC is large and changes in the interest rate have a large effect on investment