Using the table above, the unemployment rate is
A) 5.13 percent.
B) 5.88 percent.
C) 6.45 percent.
D) 6.90 percent.
E) 5.71 percent.
E
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The ____ is the situation in which the marginal product of labor is greater than zero and declining as more labor is hired
a. law of demand b. law of diminishing supply c. law of diminishing returns d. law of returns to scale
Stocks and bonds are examples of:
a. natural resources. b. financial capital. c. physical capital. d. financial labor. e. internal capital.
The curve that displays total planned real spending on goods and services at each price level by households, businesses, the government, and foreign residents is called
A. the aggregate demand curve. B. the price level curve. C. the aggregate supply curve. D. the employment curve.
Implicit costs are ________ and explicit costs are ________
A) nonmonetary costs; also nonmonetary costs B) nonmonetary costs; costs that involve spending money C) costs that involve spending money; nonmonetary costs D) costs that involve spending money; also costs that involve spending money