The largest change in the unemployment rate from the beginning of a recession to the peak unemployment rate occurred during the recession beginning in:
A. 1980.
B. 1973.
C. 1929.
D. 2007.
Answer: C
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Suppose that in 2015 the chain-weighted price index for GDP in Estonia is 220 and the chain-weighted price index in Lithuania is 160. In 2016 the price index in Estonia is 242 and the price index in Lithuania is 180. You could conclude that
A) Estonia's rate of inflation is higher than Lithuania's. B) Lithuania is a more expensive place to live than Estonia. C) Estonia is a more expensive place to live than Lithuania. D) Lithuania's rate of inflation is higher than Estonia's.
What are the main arguments for and against Fed independence?
What will be an ideal response?
Channeling people according to sex or race into particular occupations tends to
a. lower the wage rate in these occupations. b. increase the wage rate in these occupations. c. reduce income inequality among occupations. d. affect employment opportunities, but not wage rates.
When economic profits are zero in equilibrium, the firm's revenue must be sufficient to cover all opportunity costs
a. True b. False Indicate whether the statement is true or false