Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true degree of joblessness in the economy?
A) discouraged workers
B) unemployed persons who falsely report themselves as actively looking for a job
C) retired people who have no intention of returning to work
D) people with part-time jobs who would prefer to be working full time
B
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In economics, what is the difference between the short run and the long run?
What will be an ideal response?
Which of the following would NOT be a reason why developed nations would try to coordinate their macroeconomic policies?
A) To achieve a desirable level of world economic growth B) To avoid imposing a disproportionate burden on one major country in its attempt to help other world economies C) To stimulate production in other countries using the higher incomes generated by policy coordination D) To coordinate retaliatory policies on developing countries' trade barriers E) None of the above. That is, A, B, C, and D are all correct.
We might predict that Hawaii has a comparative advantage compared to Russia in the production of pineapples because Hawaii has:
A. a climate more suitable for pineapples. B. more land available to grow them on. C. more advanced farming technology. D. less governmental oversight in the pineapple industry.
A fall in the discount rate will usually encourage banks to borrow from the Fed and therefore reduce the money supply
a. True b. False Indicate whether the statement is true or false