If the labor force is 50 million and 48 million are employed then the unemployment rate is
A. 2%.
B. 4%.
C. 5%.
D. 52%.
Answer: B
Economics
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The tendency for private saving to increase in response to growing government deficits is known as the
A) crowding out effect. B) money illusion effect. C) Keynes effect. D) Ricardo-Barro effect.
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A good with a vertical demand curve has a price elasticity of demand that ________
A) is equal to 1 B) is equal to infinite C) is equal to zero D) varies between 0 and 1
Economics
All of the following are examples of nonprice rationing devices EXCEPT
A) price controls. B) queues. C) black markets. D) waiting lists.
Economics
The Federal Reserve System
A) is the central bank of the United States. B) controls the money supply. C) is the lender of last resort. D) handles the sale of U.S. Treasury securities. E) all of the above
Economics