A country's unemployment rate fell from 6% to 5% during a year. If its total population, capital stock and output remain unchanged, ________
A) its income per worker will increase B) its income per capita will increase
C) its income per worker will fall D) its income per capita will fall
C
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The discount rate is the interest rate
A) paid on time deposits. B) paid on funds banks borrow from other banks. C) paid on funds that depository institutions borrow from the Federal Reserve. D) that banks charge their "best" customers.
If there is cyclical unemployment in the economy the government might:
a) Increase interest rates b) Encourage savings c) Cut income tax d) Reduce government spending
In the 1970s and early 1980s, the U.S. economy experienced
A) stagflation. B) low inflation and low unemployment. C) high inflation and low unemployment. D) high inflation and high unemployment. E) a and d
The new growth theory argues that
What will be an ideal response?