For the typical consumer, present consumption is
a. preferred to future consumption
b. not preferred to future consumption
c. preferred to future saving
d. not preferred to future saving
e. financed out of present saving
A
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During the 2008 - 09 recession, the U-6 measure of the unemployment rate
A) which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed, reached 17 percent. B) which counts all part time workers as employed, reached 12 percent. C) which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed, reached 17 percent. D) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent. E) which counts marginally attached workers and discouraged workers as employed, reached 10 percent.
In the market for Canadian dollars measured in US dollars, the demand for Canadian dollars is
a. The supply of Canadian dollars b. The demand for US Dollars c. The supply of US dollars d. None of the above
The best test of an economic theory is: a. the rigor of its mathematical formulation. b. its ability to explain and predict
c. the accuracy of its assumptions. d. the level of real-world detail it captures.
The natural rate of unemployment is defined as the unemployment rate that exists in the absence of:
a. structural unemployment. b. frictional unemployment. c. cyclical unemployment. d. seasonal unemployment. e. inflation.