What two numbers do you need to compute the unemployment rate?
A. The number of employed persons and the number of unemployed persons
B. The number of unemployed persons and the number of discouraged workers
C. The number of unemployed persons and the size of the population
D. The number of persons in the labor force and the size of the population
Answer: A
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Samuel Slater is most recognized for:
a. inventing the cotton gin. b. inventing the telegraph. c. lobbying the government for the abolition of slavery. d. playing an integral role in developing the first American factory.
If the price of inputs rises and personal income taxes rise:
a. Price index falls, and real GDP falls. b. Price index falls, and the change in real GDP is uncertain. c. The change in price index is uncertain, and real GDP rises. d. The change in price index is uncertain, and real GDP falls. e. Neither the price index nor real GDP changes.
In-kind transfers are politically popular because
a. they provide high quality food and shelter. b. they provide cash. c. allow resale of food stamps for cash, if needed. d. the public believes that the aid is not going to support alcohol and drug addiction.
Monetary policy refers to:
A. policy directed toward increasing exports and reducing imports. B. government policies aimed at changing the underlying structure or institutions of the economy. C. the determination of the nation's money supply. D. decisions to determine the government's budget.