If the CPI was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as
a. $25.00 purchased in 1975.
b. $33.33 purchased in 1975.
c. $40.00 purchased in 1975.
d. $135.55 purchased in 1975.
c
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The labor force includes
A) only the number of people employed. B) discouraged workers. C) only the number of people unemployed. D) both employed and unemployed workers.
The phase of the business cycle characterized by rising output is called a(n)
a. peak b. recession c. depression d. trough e. expansion
In recent years, the ratio of earnings of the typical U.S. college graduate to the earnings of the typical high school graduate without additional education has
a. risen as the demand for skilled labor has increased relative to the demand for unskilled labor. b. risen as the demand for skilled labor has decreased relative to the demand for unskilled labor. c. fallen as the demand for skilled labor has increased relative to the demand for unskilled labor. d. fallen as the demand for skilled labor has decreased relative to the demand for unskilled labor.
Policies designed to promote import substitution often encouraged capital-intensive production methods.
Answer the following statement true (T) or false (F)