Which of the following formulas is used to calculate the inflation rate?
A) inflation rate = 100 ×
B) inflation rate = 100 ×
C) Inflation rate = 100 ×
D) Inflation rate = 100 ×
E) inflation rate = 100 ×
C
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Consider two countries—A and B. Country A is characterized by a command economy, absence of property rights, high entry barriers for new businesses, and forced child labor
Country B, on the other hand, is characterized by well-defined private property rights, a developed market system, and no entry barriers for new businesses. Which of the two countries is likely to oppose creative destruction more? Why?
Unlike AFDC, TANF is an entitlement program
Indicate whether the statement is true or false
Which of the following is false? a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force. b. The labor force includes those people over the age of 14 who are either employed or unemployed
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force. d. Some people working overtime or extra jobs might be considered to be overemployed.
Central banks in developing countries:
A. monetize government debt to a much greater degree than developed countries. B. monetize government debt to roughly the same extent as developed countries. C. monetize government debt, but in a more limited manner than developed countries. D. do not monetize government debt.