The labor force participation rate is
a. the civilian labor force as a percentage of the civilian non institutional population.
b. the non institutional population as a percentage of the total labor force.
c. the civilian labor force as a percentage of the total labor force.
d. employed workers as a percentage of the civilian non institutional population.
a. the civilian labor force as a percentage of the civilian non institutional population.
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At the profit-maximizing level of production of a monopolist, ________
A) marginal revenue equals marginal cost B) marginal revenue exceeds marginal cost C) marginal revenue is less than marginal cost D) both marginal revenue and marginal cost are negative
Suppose that the economy is producing above potential GDP and the Fed implements the correct change in monetary policy, but not until after the economy has passed the peak of the boom. Then
A) the Fed's contractionary policy will result in too small of a decrease in GDP. B) the Fed's expansionary policy will result in too small of a decrease in GDP. C) the Fed's contractionary policy will result in too large of a decrease in GDP. D) the Fed's expansionary policy will result in too large of an increase in GDP.
Which of the following is not an exogenous factor of production in the aggregate production function?
a. Technology b. The real wage c. Capital d. Labor e. These are all factors of production.
The foreign exchange market is the market in which:
A. ideas from different countries are exchanged. B. currencies of different countries are bought and sold. C. foreign stocks and bonds are bought and sold. D. foreigners buy U.S. real estate.