Suppose that in a population of 50 million persons, 40 million are in the labor force, 36 million are employed, 2 million are classified as unable to work, and 1 million are classified as unwilling to work. The unemployment rate is
A. 72.0 percent.
B. 8.0 percent.
C. 10.0 percent.
D. 80.0 percent.
Answer: C
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Foreign direct investment in the United States declined 42 percent in the first quarter of 2009. This means that
A) people or firms in other countries reduced their building of facilities or purchases of facilities in the United States by 42 percent in the first quarter of 2009. B) people or firms in the United States reduced their purchases of stocks and bonds in foreign countries by 42 percent in the first quarter of 2009. C) people or firms in other countries reduced their purchases of stocks and bonds in the United States by 42 percent in the first quarter of 2009. D) people or firms in the United States reduced their building of facilities or purchases of facilities in foreign countries by 42 percent in the first quarter of 2009.
According to Keynesians, an increase in saving will not cause national income to fall
a. as long as autonomous consumption is greater than zero b. if the price level remains unchanged c. if it results from a decrease in aggregate expenditure d. if it is accompanied by a decrease in aggregate expenditure e. if it results from an increase in aggregate expenditure
Assume that when $100 of new reserves enter the banking system, the money supply ultimately increases by $800 . Assume also that no banks hold excess reserves and that the entire money supply consists of bank deposits. If, at a point in time, reserves for all banks amount to $750, then at that same point in time, loans for all banks amount to $6,000
a. True b. False Indicate whether the statement is true or false
Which of the following statements is NOT true about marginal utility when total utility is at its maximum point?
A) Marginal utility is zero. B) Marginal utility is decreasing. C) A rational consumer will not consume additional units beyond this point. D) Marginal utility is negative.