Based on Table 6.2, what was the labor force participation rate in 2000?Table 6.2 199819992000Working Age Population85 million95 million110 millionLabor Force60 million65 million72 millionUnemployed5 million8 million13 million
A. 77.27 percent.
B. 11.81 percent.
C. 65.45 percent.
D. 18.05 percent.
Answer: A
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A) declining at approximately the same rate. B) growing at a slower rate. C) growing at a faster rate. D) growing at approximately the same rate.
Refer to Figure 4-3. What area represents producer surplus at the equilibrium price of P1?
A) D + E B) D + E + G + H C) A + B + C + D + E D) A + B + D
When the Fed sells government securities, it
a. lowers the cost of borrowing from the Fed, encouraging banks to make loans b. raises the cost of borrowing from the Fed, discouraging banks from making loans c. increases the amount of excess reserves that banks hold, encouraging them to make loans d. increases the amount of excess reserves that banks hold, discouraging them from making loans e. decreases the amount of excess reserves that banks hold, discouraging them from making loans
If external benefits are taken into account in the market
A) the demand curve would shift to the left. B) the supply curve would shift to the left. C) the demand curve would shift to the right. D) the supply curve would become vertical.