If you hear that unemployment decreased by 2 percentage points to 6 %in the past year, while the labor force participation rate remained constant, it means:
A. on a net basis, 2 out of every 10 people lost their job in the last year.
B. on a net basis, 2 out of every 100 people lost their job in the past year.
C. on a net basis, 4 out of every 100 unemployed persons found a job in the last year.
D. on a net basis, 20 out of every 1,000 unemployed persons found a job in the last year.
Answer: D
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The LM curve represents combinations of income and interest rate which
A) clear the goods market. B) achieve the external equilibrium. C) clear the money market. D) achieve internal equilibrium.
Answer the following question based on the information given below: Deposits at the central bank = 400 U.S. Government Securities = 700 Checking Deposit = 1,800 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the central bank = 250 Cash in the Vault = 150 If the reserve requirement is 10%, the level of excess reserves equals:
a. $495 b. $370 c. $300 d. $550 e. Cannot be determined with this information.
Which of the following is(are) the effect(s) of an international trade agreement that provides an incentive and reward for nations NOT to impose tariffs?
I. an increase in world welfare and standard of living II. an opportunity for low-income nations to exploit the gains from trade. III. an opportunity for large countries to improve their terms of trade a. I b. I and II c. I and III d. I, II, and III
Which of the following statements best describes the figure shown?
A. Potential output is constrained by globalization. B. The economy is operating below potential because of globalization. C. Domestic aggregate supply is less than domestic aggregate demand. D. The world price level equals the domestic price level.