The civilian labor force includes those individuals who are
a. unemployed and looking for work.
b. staying home to care for other family members.
c. attending school and not working at a job.
d. retired.
A
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A movement along the bond demand or supply curve occurs when ________ changes
A) bond price B) income C) wealth D) expected return
In the Cambridge approach, if k is .5, total output is $50 billion, and the money supply is $100 billion, the price level is
A) 0.5. B) 4.0. C) 3.0. D) 10.0.
What is a shortcoming of price control legislation?
a. Price controls lower the quantity supplied. b. Price controls create surpluses. c. Price controls decrease the quantity demanded. d. All of the above are shortcomings of price controls.
Jennifer took out a fixed-interest-rate loan when the CPI was 100 . She expected the CPI to increase to 103 but it actually increased to 105 . The real interest rate she paid is
a. higher than she had expected, and the real value of the loan is higher than she had expected. b. higher than she had expected, and the real value of the loan is lower than she had expected. c. lower than she had expected, and the real value of the loan is higher than she had expected. d. lower then she had expected, and the real value of the loan is lower than she had expected.