Which of the following is a positive statement?
a. I think we should pass a constitutional amendment to reduce the deficit.
b. President Clinton's way of dealing with the economy is better than President Bush's.
c. I hope interest rates come down soon.
d. If taxes are raised, unemployment will drop.
d
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Which of the following does not influence the position of the long-run aggregate supply curve?
a. The quantity of raw materials available for production b. The quantity of capital used in production c. The quality of the labor force d. The actual price level e. The size of the labor force
In the forex, the demand for dollars will increase if:
A. foreigners wish to buy U.S. goods. B. foreigners wish to sell U.S. financial assets. C. interest rates are lower in the U.S. relative to interest rates abroad. D. interest rates are equal in the US and abroad.
Which of the following statements is incorrect? a. Job losers typically account for 50 to 60 percent of the unemployed
b. Unemployment rates in the United States during the Great Depression exceeded 50 percent. c. The labor force participation rate is the percentage of the non-institutional population over age 16 that is in the labor force. d. The increase in the labor force participation rate since 1950 can be partly attributed to the entry of baby boomers into the labor force.
Premiums based on experience ratings:
a. are illegal in most states in the U.S. b. vary depending on the income of the insured. c. are uniform across age groups. d. are only used in property-casualty insurance underwriting. e. are based on the loss experience of the insured group.