If the number of unemployed stays the same and the number of people in the labor force declines
A. The unemployment rate will rise.
B. the unemployment rate will fall.
C. the unemployment rate will stay the same.
D. There is not enough information to determine what will happen to the unemployment rate.
A. The unemployment rate will rise.
You might also like to view...
Marginal benefit curves slope ________ and marginal cost curves slope ________
A) upward; upward B) upward; downward C) downward; downward D) downward; upward
Daniel's consumption of pizzas drops from 6 per week to 4 per week when the price rises from $9 to $11 . His price elasticity of demand for pizza equals
a. 0.5 b. 1 c. 2 d. 0.08 e. 1.7
Other things the same, a decrease in velocity means that
a. the rate at which money changes hands falls, so the price level rises. b. the rate at which money changes hands falls, so the price level falls. c. the rate at which money changes hands rises, so the price level rises. d. the rate at which money changes hands rises, so the price level falls.
Refer to the information provided in Table 20.1 below to answer the question(s) that follow. Table 20.1
Refer to Table 20.1. Before specialization, Mexico produces 160 bushels of oranges and 40 bushels of bananas, and Guatemala produces 30 bushels of oranges and 40 bushels of bananas. After specialization, the increase in banana production is
A. 10 bushels of bananas. B. 15 bushels of bananas. C. 20 bushels of bananas. D. 40 bushels of bananas.