If a country has a population of 400 million, 160 million people employed and 40 million people looking for work, then its unemployment rate is
A. 10%.
B. 20%.
C. 25%.
D. 40%.
Answer: B
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Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The amount of the tax revenue paid by the buyer is
A. $300. B. $600. C. $2100. D. $900.
Money today
A) is the demand for loanable funds. B) is the supply of loanable funds. C) is only currency inside banks. D) is fiat money. E) in the United States, is only dollar bills and coins.
The adverse consequences of debt deflation are most evident ________
A) in the expansion of credit to high-risk borrowers B) on the balance sheets of nonfinancial businesses C) in a sharp decline in the real interest rate D) on the balance sheets of financial businesses
The building of the ________ were the key development in opening the era of mass production and mass consumption.
Fill in the blank(s) with the appropriate word(s).