During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result
A) the labor force participation rate rose. B) the unemployment rate rose.
C) the unemployment rate fell. D) the labor force participation rate fell.
C
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When the economy is operating at its natural rate of unemployment, the frictional and structural unemployment rates must add up to zero
Indicate whether the statement is true or false
If the price of apples falls and apples and oranges are substitutes, we would expect:
a. The quantity of apples demanded to increase and the demand for oranges to increase. b. The quantity of oranges demanded to decrease and the demand for apples to increase. c. The quantity of apples demanded to increase and the demand for oranges to decrease. d. The quantity of oranges demanded to decrease and the demand for apples to decrease.
In 1963, the government first adopted an official definition of poverty: families with incomes below $3,000
a. True b. False Indicate whether the statement is true or false
Supply-side economics would include such policies as
A. open-market operations in which the Fed sold its supply of bonds. B. raising government spending to stimulate the multiplier effect. C. cutting marginal income tax rates. D. erecting tariff barriers to protect American jobs.