The civilian labor force excludes anyone not actively seeking a job
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is NOT a reason given by economists for the failure of Okun's law to account for the rise in unemployment during the recession of 2007-2009?
A) increased willingness among firms to lay off workers during recessions B) a surge in productivity during the recession C) the unusual severity of the recession D) it does not take into account the effect of the stimulus
As long as the debt is internally held, there are no problems associated with the government going into debt
Indicate whether the statement is true or false
Why does the government sometimes give monopoly power to a company by issuing a patent?
(A) The government does not want competition for the product. (B) The company pays the government for the patent. (C) The company can then profit from their research without competition. (D) The company makes a product better than anyone else's.
Keynes believed that an increase in savings would:
A. raise aggregate demand by increasing consumption. B. raise aggregate demand by reducing investment. C. reduce aggregate demand by reducing investment. D. reduce aggregate demand by reducing consumption.