Maury did not work last week because fire forced an evacuation of his workplace. The Bureau of Labor Statistics counts Maury as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force.
c
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Short-run contractions and expansions in economic activity are called
A) recessions. B) expansions. C) deficits. D) the business cycle.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. The GDP Price Index rises, and nominal value of the domestic currency rises. c. The GDP Price Index falls, and nominal value of the domestic currency rises. d. The GDP Price Index rises, and nominal value of the domestic currency remains the same. e. The GDP Price Index rises, and nominal value of the domestic currency falls.
What did Malthus believe would be the ultimate result of population growth?
a. technological innovation and a higher standard of living b. rapidly fluctuating economic growth c. positive per capita economic growth d. wages that were at a subsistence level
The coupon rate is the:
A. interest rate promised when a bond is issued. B. regular payment of interest to a bondholder. C. maximum interest rate that can be paid on a bond. D. amount originally lent.