If you hear that unemployment increased by 2 percentage points to 4 %in the past year, while the labor force participation rate and the population remained constant, it means:
A. unemployment doubled in the past year.
B. there was a 100 percent increase in unemployment.
C. twice as many people are without work than was the case a year ago.
D. All of these are true.
D. All of these are true.
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The general trend in health care policy during the twentieth century has been _____
a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues
Other things constant, an increase in the real GDP of a country will: a. increase the price level
b. shift the demand for money curve rightward. c. shift the demand for money curve leftward. d. decrease the nominal interest rate. e. decrease the quantity of money demanded.
Free markets produce allocatively efficient outcomes and have no flaws
a. True b. False Indicate whether the statement is true or false
If the cost of producing automobiles increases, the price, equilibrium quantity and consumer surplus will most likely change in which of the following ways? Price Quantity Consumer Surplus
A. Increase Increase Increase B. Increase Increase Decrease C. Increase Decrease Decrease D. Decrease Increase Decrease E. Decrease Decrease Decrease