If the U.S. economy was close to full employment in May? 2017, why was the? U-6 measure of the unemployment rate still as high as? 8.6?
What will be an ideal response?
even at full? employment, there were many discouraged workers and? part-time workers who wanted? full-time jobs.
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The big tradeoff is a tradeoff between
A) efficiency and fairness. B) consumer surplus and producer surplus. C) taxes and subsidies. D) price ceilings and price floors.
Refer to Figure 2-15. One segment of the circular flow diagram in the figure shows the flow of labor services from market K to economic agents J. What is market K and who are economic agents J?
A) K = product markets; J = firms B) K = factor markets; J = firms C) K = product markets; J = households D) K = factor markets; J = households
Assume that a security has equally possible outcomes of yielding 8 percent and 4 percent. The standard deviation of the probability distribution of returns for this security is
A) 6 percent. B) 4 percent. C) 3 percent. D) 2 percent.
One HEADLINE article in the text suggests that most Americans do not trust the federal government to do the right thing. If they are correct, then government intervention results in:
A.) A decrease in opportunity costs. B.) A less desirable mix of output. C.) Market failure. D.) Less unemployment.