To determine unemployment, first the adult population is divided into those in the labor force and those out of the labor force, and then divided again into those in the labor force who are employed and unemployed.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. To determine unemployment, first the adult population is divided into those in the labor force and those out of the labor force, and then divided again into those in the labor force who are employed and unemployed.
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Bank panics have largely disappeared in the United States because
A) banks are now required to hold a larger fraction of deposits as reserves. B) of low interest rates. C) bank loans are more closely monitored by the Federal Reserve. D) of deposit insurance.
A perfectly inelastic demand curve is represented by an upward-sloping straight line
a. True b. False Indicate whether the statement is true or false
Using Figure 2 above, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE1 might be:
A. interest rates decrease. B. domestic income decreases. C. expected profitability of investments increase. D. wealth level decreases.
How does the short-run equilibrium of a monopolistic competitor differ from a monopolist? How does it differ from a perfect competitor?
What will be an ideal response?