The employment-to-population ratio is equal to the number of
A) unemployed people divided by the total population then multiplied by 100.
B) employed people divided by the working-age population then multiplied by 100.
C) employed people divided by the total population then multiplied by 100.
D) unemployed people divided by the working age population then multiplied by 100.
B
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Higher prices for ________ that are widely used across the entire economy can cause aggregate supply to shift.
a. inputs b. finished goods c. outputs d. products
In the long run, monopolistic competition
a. results in a monopoly b. ends up with one firm, that is, competition transforms to monopoly c. ends up with many firms in the industry d. has zero barriers to entry e. has no product differentiation
One In the News article titled "Perceptions of Government Failure" indicates that people think that the government is not very trustworthy when it comes to solving domestic issues. If this is true, this is an example of
A. The free-rider dilemma. B. The problem of externalities. C. Market failure. D. Government failure.
Which of the following statements is true?
A) An excess supply of credit exerts an upward pressure on the real rate of interest. B) An excess demand for credit exerts an upward pressure on the real rate of interest. C) At rates of interest below the equilibrium rate, there is an excess supply of credit. D) At rates of interest above the equilibrium rate, there is an excess demand for credit.