Adult population 200 million labor force 150 million employed persons 138.75 million Discouraged workers 10.5 million According to the accompanying labor data, the labor force participation rate is
What will be an ideal response?
75%
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Government can intervene in the market through
a. Price floors b. Price ceilings c. Taxes d. All the above
Economists believe that lower taxes should reduce unemployment because:
A. people have more incentive to find a job, knowing they will keep more of the income they earn from the job when taxes are low. B. people will not want to miss out on the opportunity to keep more of the income they earn when taxes are lower, so they will have an incentive to keep their job and not quit. C. people have more incentive to be productive if the money they earn is not being taxed as much when taxes are low. D. None of these is true.
If inflation is higher than what was expected,
a. creditors receive a lower real interest rate than they had anticipated. b. creditors pay a lower real interest rate than they had anticipated. c. debtors receive a higher real interest rate than they had anticipated. d. debtors pay a higher real interest rate than they had anticipated.
Which of the following is the equation of exchange?
a. M – V = P – Q b. M + V = P – Q c. M ÷ V = P x Q d. M x V = P x Q