________: the number of unemployed persons divided by the total civilian labor force
Fill in the blank(s) with correct word
Unemployment rate
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When interest rates in the bond market go up
A) the price of existing bonds goes u
The amount of income that households keep after paying taxes is
A) personal income. B) personal disposable income. C) value added income. D) national income.
In the 1960s and 1970s the U.S. passed several major consumer safety laws, including the Flammable Fabrics Act and the Child Protection Act. The economic impact of such legislation may include all of the following except:
a. reducing the price of the regulated product. b. increasing the cost of producing the regulated product. c. reducing the supply of the regulated product. d. reducing competition within the regulated industry.
If consumer purchases of a good are not very sensitive to the price of the good, economists say the demand for the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.