According to the following information, what is the unemployment rate? Number of Employed: 800 Number of Unemployed: 200 Not in the Labor Force: 50
a. 6%
b. 19%
c. 20%
d. 28%
c. 20%
(800 + 200 = 1,000 200 / 1,000 = 20)
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The theory of investment that links investment spending to stock prices is known as the
A) multiplier model. B) accelerator model. C) neoclassical theory of investment. D) Q-theory of investment.
Which of the following approaches to understanding and predicting consumer behavior does not actually solicit any information from any potential customers?
A) Test marketing. B) Conjoint analysis. C) Analysis of historical data. D) Expert opinion.
The major flaw of the linear probability model is that
A) the actuals can only be 0 and 1, but the predicted are almost always different from that. B) the regression R2 cannot be used as a measure of fit. C) people do not always make clear-cut decisions. D) the predicted values can lie above 1 and below 0.
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline