Inflation is generally the result of total spending growing faster than total production
Indicate whether the statement is true or false
TRUE
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Which of the following best approximates a pure monopoly?
A. the fast food market B. the oil market C. the steel market D. the NFL
Given the following information, compute the unemployment rate: 9 million unemployed; 119 million employed.
What will be an ideal response?
Use the data in the Worked Problem on p. 287 (page 699 in Economics). Calculate the change in equilibrium expenditure when investment decreases by $150 billion
What will be an ideal response?
The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the
labor force participation rate would change. What will be an ideal response?