One of the determinants of real GDP is output per hour of labor. This statistic is called labor
A. force growth.
B. productivity.
C. force participation.
D. force input.
Answer: B
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The unemployment rate measures the percentage of people in the labor force who can't find a job
Indicate whether the statement is true or false
Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity
What happens in the market for sushi if the Surgeon General announces that a majority of the raw fish that is imported to make sushi contains high levels of toxic mercury? A) D decreases, S no change, P and Q decrease B) S decreases, D no change, P increases, Q decreases C) D no change, S increases, P decreases, Q decreases D) D and S decrease, P and Q decrease
The introduction of sweep accounts
A) was an open market purchase. B) was a failure. C) had no effect. D) caused a reduction in the demand for money.
Keynes called the money people hold in order to buy bonds, stocks, or other nonmoney financial assets the:
a. transactions demand for holding money. b. precautionary demand for holding money. c. speculative demand for holding money. d. unit of account demand for holding money.