Between 2007 and 2009, the unemployment rate in the U.S.:
A.
Fell from 6% to 4.5%
B.
Rose from 4.7% to 10%
C.
Rose slightly from 5.5% to 7%
D.
Remained stagnant at about 7%
B.
Rose from 4.7% to 10%
You might also like to view...
Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal utility of the last drink you had?
a. infinite b. 0 c. 1 d. less than 0 e. greater than 1
If the poverty threshold is set at 50 percent of median income, and if the poverty line is $10,000 . what is median income?
a. $50,000 b. $20,000 c. $10,000 d. $5,000 e. $25,000
If there is an increase in market demand in a perfectly competitive market, then in the short run prices will
a. rise. b. remain unchanged at the minimum of average total cost. c. fall. d. remain unchanged at the minimum of marginal cost.
Total wages paid to labor are maximized when workers are hired up to the point where the
A. Marginal wage equals zero. B. Market wage equals the marginal factor cost. C. Demand for labor equals the marginal factor cost. D. Marginal wage is equal to the market wage.