Which of the following is the correct way to calculate the unemployment rate?
A. (unemployed/population) x 100
B. (unemployed/labor force) x 100
C. (labor force/unemployed) x 100
D. (labor force/population) x 100
Answer: B
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The opportunity cost to the consumer of purchasing and consuming one more unit of a good is called the marginal benefit
Indicate whether the statement is true or false
Railroad construction in the late 19th century:
a. added little to economic fluctuations. b. strongly influenced capital formation. c. caused the three major financial crisis of that era. d. All of the above are correct. e. Only b and c are correct.
Which of the following conclusions is not supported by the Three-Sector-Model?
a. A higher GDP Price Index in a nation increases the ability and willingness of domestic businesses to supply goods and services, but it decreases consumers' willingness and ability to buy them. b. An increase in the supply of a nation's currency in the foreign exchange market lowers its international value. c. An increase in nation's demand for goods and services within the Keynesian range is often accompanied by a strong rise in the consumer price index. d. A decrease in nation's demand for goods and services within the Intermediate range usually leads to higher employment.
A banks that has excess reserves can earn additional income by lending the money overnight
A. To other banks at the prime rate minus 1 percent. B. To the Fed in the federal funds market. C. To the Fed at the prime rate minus 1 percent. D. To other banks in the federal funds market.