The labor force participation rate among both men and women 25 to 54 fell after 2000, and this
A. was a significant reason behind the slowing of economic growth during that period.
B. should have been a source of growth but wasn't.
C. was more than countered by an opposite trend for those over 55 so growth, was rapid.
D. was entirely countered by an opposite trend for those over 55 so growth, was nearly zero.
Answer: A
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On which of these bonds is the prospect of default least likely?
a. a junk bond b. a bond issued by the state of Arizona c. a bond issued by the federal government d. a bond issued by General Electric Corporation
An increase in demand will increase prices least when supply is
A. inelastic (but not perfectly inelastic). B. unit elastic. C. perfectly inelastic. D. elastic.
If the market demand curve does not capture all of the benefits to society of buying an additional unit of good, then:
A. the allocation of resources will be socially optimal. B. the market equilibrium will not be efficient. C. the market equilibrium will be socially optimal. D. the market will not be in equilibrium.
When decision makers have time to fully adjust to changes in the overall price level, we refer to this as:
What will be an ideal response?