The reason unemployment claims are a good leading indicator of economic activity is that they reflect
A. Industry layoffs and hiring.
B. Automatic stabilizers.
C. Orders for new goods.
D. Hours worked per week.
Answer: A
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When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the
A) money price of corn. B) relative price of corn. C) income effect. D) substitution effect.
Which of the following is a characteristic or focus of economics?
A) allocation of limited resources in an effort to satisfy potentially unlimited wants B) decision making C) empirical analysis D) all of the above
If people move from the category "not in labor force" to the category "employed" then:
a. The unemployment rate falls, and the employment rate rises. b. The unemployment rate stays the same, and the employment rate rises. c. Neither the unemployment rate nor the employment rate changes. d. Labor force participation rate rises, the employment rate rises, and the unemployment rate rises. e. The employment rate and non-institutional population over 16 rise.
The Glass-Steagall Act was set up to:
A. regulate the derivatives market as a result of the 2008 crisis. B. establish banking regulations and deposit insurance as a result of the 1930s crisis. C. regulate financial institutions after the Savings and Loan Crisis the 1980s. D. give the federal government the sole responsibility in carrying out fiscal policy to regulate the economy.