Some economists believe that because the government ______________ discouraged workers as unemployed, the unemployment rate is biased ________________
A) counts; upward
B) counts; downward
C) does not count; upward
D) does not count; downward
D
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An increase in the price of fuel and fertilizer used for corn would cause farmers to increase corn production in an effort to make up for lost profits
Indicate whether the statement is true or false
All of the following are true, except
a. Bubbles are prices that cannot be explained by normal economic forces b. Many economists don't think bubbles exist c. Many economists have a clear idea about how to model bubbles d. All of the above are true
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, which of the following is a reason for holding cash?
A. for convenience B. to make a purchase when you cannot use a debit or credit card C. fear of financial catastrophe D. All of these
Suppose two countries are identical in every way with the following exception. Economy A has a greater quantity of human capital than economy B. Given this information, we know with certainty that
A) steady state consumption in A is higher than in B. B) steady state consumption in A is lower than in B. C) steady state consumption in A and in B are equal. D) steady state growth of output per worker is higher in A than in B.