Which statement is true?
A. Blacks have a lower poverty rate than Hispanics.
B. Blacks have a poverty rate of about three times that of whites.
C. Members of white families headed by females have a higher poverty rate than all black families.
D. None of these statements are true.
B. Blacks have a poverty rate of about three times that of whites.
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Suppose Canada has a population of 30 million people and a labor force participation rate of 2/3. Furthermore, suppose the natural rate of unemployment in Canada is 7%. If the current number of unemployed people is 1.4 million people, what can we conclude about Canada's economy?
A. The unemployment rate is above the natural rate of unemployment. B. The unemployment rate is below the natural rate of unemployment. C. There is cyclical unemployment present in the economy. D. There is no cyclical unemployment present in the economy.
Answer the following statements true (T) or false (F)
1. In perfect competition, if the market price is at the same level as the minimum point of the firm’s average total cost curve, the best the firm can hope for is to break even. 2. If new firms enter a perfectly competitive industry, the market price of the finished product will rise. 3. An increase in market demand for a product can raise the MR for a firm in perfect competition. 4. Under perfect competition in the short run, profits among firms can differ if some firms use their resources more efficiently. 5. Since all producers have the same average revenue under conditions of perfect competition, they all have the same profits in the short run.
How did the international monetary system influenced macroeconomic policy-making and performance during the gold standard era (1870-1914)?
What will be an ideal response?
In the 1970s, nominal interest rates in the United States were quite high, while real rates were extremely low
Which group "wins" in this circumstance, lenders or borrowers? What might explain the willingness of the "losers" to accept disadvantageous loan terms?