Market _____ occurs when the market does not produce the optimal quantity of output.
Fill in the blank(s) with the appropriate word(s).
Ans: failure
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Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false
Suppose Congress institutes an investment tax credit. What would happen in the market for loanable funds?
a. The interest rate and investment would fall. b. The interest rate and investment would rise. c. The interest rate would rise and investment would fall. d. None of the above is necessarily correct.
Opportunity cost is the __________ alternative forfeited when a choice is made
A) least-valued B) most highly-valued C) most convenient D) most recently considered
Describe what the unemployment rate and the employment rate measure. If we were to sum the unemployment rate and the employment rate, would that sum be equal to one hundred percent? Explain why or why not