Discouraged workers are classified by the BLS as
A) out of the labor force.
B) part-time employees.
C) employed.
D) part of the labor force.
E) unemployed.
A
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Which of the following techniques adopted by the central banks around the world have helped them to achieve credibility?
a. Maintaining a low rate of inflation through tight monetary policies b. Publicly announcing a target rate of inflation c. Refusing to bail out the commercial banks at times of failure d. Supporting all government budget deficits through deficit financing e. Reducing unemployment amidst high inflation
Governments may attempt to protect dairy farmers from low milk prices by:
A. reducing subsidies on the price of milk. B. increasing taxes on dairy farmers. C. setting a minimum price on milk. D. banning the hoarding of milk by households.
Which of these is true about regulations imposed on product markets in the United States?
A. Health and safety standards are set by the Food and Drug Administration. B. The Federal Trade Commission determines routes and pricing for railroads, truckers, and interstate bus lines. C. The regulations were originally designed to improve the delivery of specific public goods. D. All of the above are correct.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.