What is one reason why the overall unemployment rate understates the actual employment situation?
A. The rate reflects regional differences.
B. The rate is not seasonally adjusted.
C. Underemployed people are listed.
D. Discouraged workers are not included.
D. Discouraged workers are not included.
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During the first three years of its existence, the euro
A) depreciated against the $U.S. B) maintained a strict parity with the $U.S. C) strengthened against the $U.S. D) proved to be an impossible dream. E) exported exclusively to the U.S.
Explain the difference between the Fed following discretionary policy and the Fed following a rules strategy
What will be an ideal response?
Policy directives issued by the Fed to moderate swings in the business cycle are
a. countercyclical fiscal policy b. channeled through the Treasury Department c. countercyclical monetary policy d. first approved by the appropriations committees of the U.S. House of Representatives and the Senate e. federal funds activity
The rule that states that the marginal revenue product equal to price does not hold when there are more than two inputs
a. True b. False Indicate whether the statement is true or false