Suppose there are currently 100 people unemployed, 1500 people employed, 1600 people in the labor force, and 2000 people in the working age population. The unemployment rate equals 100 times
A) 100/1500.
B) 100/1600.
C) 100/2000.
D) 1500/2000.
B
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Which of the following is a service of depository institutions?
A) decreasing the liquidity drain of funds in the banking system B) monitoring the Federal Reserve C) pooling risk D) loaning funds to other depository institutions at the discount rate
The federal government
a. runs a deficit when tax revenues are greater than government purchases. b. runs a surplus when tax revenues are smaller than government purchases. c. runs a deficit when tax revenues are smaller than government outlays. d. runs a surplus when tax revenues are greater than government purchases. e. runs a surplus when tax revenues are smaller than transfer payments.
Refer to the figure below. Suppose the solid line shows the current demand for coffee. In response to a news story explaining that coffee causes heart disease, you should expect:
A. neither a change in quantity demanded nor a shift in demand. B. the quantity of coffee demanded to decrease, but no shift in the demand curve. C. the demand curve to shift to D(A) because some people will stop drinking coffee. D. the demand curve to shift to D(B) in anticipation of higher future prices.
The growth rate of average annual earnings in the United States from 1973 to 1995 was:
A. roughly equal to zero. B. higher than it was from 1960 to 1973. C. the same as it was from 1960 to 1973. D. lower than it was from 1960 to 1973.