When budget deficits take place in a high-employment economy, the effect is an increase in capital stock
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose the Bureau of Labor Statistics interviews 194,000 people in its monthly survey: 91,300 are not in the labor force, 94,000 are employed, 6650 are unemployed, and 1,150 are in the armed forces. What is the unemployment rate the BLS announces?
A) 4.95 percent B) 3.94 percent C) 7.0 percent D) 6.55 percent E) 6.48 percent
To attract more bidders, and more aggressive bidders, to your common-value auction
a. reveal all of the relevant information about the value of the object b. don't allow bidders to know how others are bidding c. do not allow potential bidders to examine the object too closely d. do not hold oral auctions
If the amount of money in circulation is $400 billion and the nominal GDP is $800 billion, the velocity of money is
a. 0.5. b. 2. c. 4. d. 8.
The monetary base is the sum of:
A. currency in the hands of the public M1. B. currency in the hands of the public and M2. C. reserves and currency in the hands of the public. D. reserves and M2.