The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for groups based on age, gender, and race
a. True
b. False
Indicate whether the statement is true or false
True
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The classical growth theory is that real GDP per person ______.
A. only temporarily rises and then returns to the subsistence level B. grows forever C. is constant and does not change D. increases as the population grows
Consider the following products. Which of them has the flattest demand curve?
A) insulin B) alcohol C) cigarettes D) butter
A study that deals with the salaries of university professors would be considered:
A. real economics B. microeconomics C. macroeconomics D. economic naturalism
When contractionary monetary policy increases the interest rate, it causes the price level to:
A. decrease, and output to increase. B. rise, and output to decrease. C. rise, and output to increase. D. decrease, and output to decrease.