An increase in interest rates by the Federal Reserve is an example of ________ policy.
A. structural
B. aggregation
C. fiscal
D. monetary
Answer: D
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To determine GDP from the production function, we need to know
A) the quantity of labor employed. B) the quantity of labor available for work. C) the unemployment rate. D) the quantity of labor supplied by firms. E) the real wage rate.
If a large number of people were to leave their civilian jobs and join the military, which of the following would increase?
A) the civilian labor force B) the civilian employment ratio C) the civilian unemployment rate D) the civilian labor-force participation rate E) none of the above
Suppose that in an economy the structural unemployment rate is 1.1 percent, the frictional unemployment rate is 3.3 percent, and the unemployment rate is 3.1 percent. The natural unemployment rate is _________ percent and the cyclical unemployment rate is ___________ percent
a. 7.5; 4.4 b. 0.2; 9.9 c. 4.4; -1.3 d. 2.2; 3.1
After the imposition of the quota, the quantity demanded of TVs is ________.
A. 40,000 B. 100,000 C. 20,000 D. 80,000