The government agency responsible for collecting and reporting unemployment data is the:
A. Bureau of Labor Statistics.
B. Bureau of Unemployment.
C. Bureau of Economic Analysis.
D. Bureau of Economic Research.
A. Bureau of Labor Statistics.
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Explain the Heckscher-Ohlin theorem
What will be an ideal response?
The money demand curve, against possible levels of interest rates, has a
A) negative slope. B) zero slope. C) positive slope. D) positive slope for low levels of money demand, and a negative slope for high levels of money demand.
Which of the following is a point made by economist Richard Easterlin (for whom the Easterlin Paradox is named) based on his research?
A) Rich people tend to be happier than poor people in the same country. B) People in richer countries tend to be no happier than people in poorer countries. C) People in richer countries tend to be much happier than people in poorer countries. D) People in poorer countries tend to be much happier than people in richer countries. E) a and b
One reason most central bankers do not set an inflation target of zero is:
A. they believe it would cause price volatility. B. it is almost impossible to achieve. C. the central bank could hit the lower bound. D. none of the answers given is correct.