In the 1950s
A. more women were unemployed than underemployed.
B. more women were underemployed than unemployed.
C. about the same number of women were unemployed as underemployed.
B. more women were underemployed than unemployed.
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If an economy invests more than it loses through depreciation ________
A) the saving rate will fall B) the saving rate will rise C) the quantity of labor will fall D) the capital stock will expand
The consumer price index [CPI] measures price changes at an earlier stage of production than the producer price index [PPI], hence, increases in the CPI are usually followed by increases in the PPI
a. True b. False Indicate whether the statement is true or false
When aggregate expenditure at a particular level of GDP is more than output,
a. output will increase b. output will decrease c. output will remain constant d. there is not enough information to determine what happens to output e. prices will rise
Which of the following scenarios is consistent with the Laffer curve?
a. The tax rate is 1 percent, and tax revenue is very low. b. The tax rate is 1 percent, and tax revenue is very high. c. The tax rate is 99 percent, and tax revenue is very high. d. The tax rate is moderate (between very high and very low), and tax revenue is very low.