The civilian non-institutional population can be broken down into two groups:
A) employed persons and unemployed persons.
B) persons working and persons not working.
C) persons working in service jobs and persons working in manufacturing jobs.
D) persons not in the labor force and persons in the labor force.
D
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An agreement with another country in which it agrees to import more from the United States is called a
A) VRA. B) VIE. C) VAR. D) VAT.
If the MPC = .75, the spending multiplier is:
a. 4. b. 5. c. 1.33. d. 1.20. e. .25.
Cheese is priced at $5 per pound and wine at $10 per bottle. A consumer who enjoys both cheese and wine will not be in consumer equilibrium until the marginal utility of a pound of cheese is:
a. four times that of wine. b. one-fourth that of wine. c. two times that of wine. d. one-half that of wine.
What is a mutual fund?