During the 2008 - 09 recession, the U-6 measure of the unemployment rate
A) which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed, reached 17 percent.
B) which counts all part time workers as employed, reached 12 percent.
C) which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed, reached 17 percent.
D) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent.
E) which counts marginally attached workers and discouraged workers as employed, reached 10 percent.
D
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Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.055.02.5Based on this data, we can conclude ________.
A. the Phillips Curve model is wrong B. the Phillips Curve model cannot be evaluated C. the Phillips Curve model is correct D. the Phillips Curve model is sometimes correct, but does not account for all events
Tariffs help consumers by lowering the price of imported goods
a. True b. False Indicate whether the statement is true or false
The circular flow model is all of the following except
a. an abstraction from reality b. a model of two markets c. a model of two agents d. a simple economic model e. designed to aid policy makers
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What will be an ideal response?