If the aggregate price level ________, but nominal wages stay fixed, labor demand ________
A) falls; remains unchanged B) rises; falls
C) rises; remains unchanged D) falls; falls
D
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One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits. B) can purchase the imports they need. C) can maintain lower rates of unemployment. D) will have greater equality in their incomes. E) develop more labor-intensive industry.
What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including members of the military would increase the unemployment rate and reduce the labor force participation rate. B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate. C) Including the military would increase both the unemployment rate and the labor force participation rate. D) Including the military would reduce both the unemployment rate and the labor force participation rate.
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. The natural rate of unemployment occurs at
A. U0. B. U1. C. U2. D. a level of zero unemployment.
In general, with a monopolist's outcome:
A. consumers lose surplus. B. monopolies earn profit. C. deadweight loss occurs. D. All of these statements are true.