The labor force is the sum of
A) employed workers and individuals not looking for work.
B) unemployed workers and the working-age population.
C) employed workers and discouraged workers.
D) employed workers and unemployed workers.
D
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The aggregate demand curve shows that, if other factors are held constant, a
A) higher price level results in a decrease in the quantity of real GDP demanded. B) higher price level results in an increase in the quantity of real GDP demanded. C) higher price level results in a lower interest rate. D) lower price level results in a higher interest rate.
Who is the second most powerful person in the U.S.?
a. The Fed chairman b. The Vice President c. The Secretary of State d. The speaker of the House of Representatives e. The Attorney General
When a firm is able to achieve the output indicated by a production function, it is producing with technical efficiency.
Answer the following statement true (T) or false (F)
The attendees at the FOMC meetings receive information prior to the meetings that is contained in books with colorful names. The information that is released to the public prior to the meetings is from the:
A. Beigebook and Bluebook but not the Greenbook. B. Beigebook only. C. Bluebook only. D. Bluebook and Greenbook, but not the Tealbook.