The total civilian labor force is comprised of
A) the unemployed and the employed.
B) only the employed.
C) all individuals over 16 years of age, whether or not they work or are seeking work.
D) only full-time employed individuals between the ages of 18 and 55.
A
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An inflationary gap means that the level of real GDP at the short-run macroeconomic equilibrium
A) is less than full-employment GDP. B) equals full-employment GDP. C) is more than full-employment GDP. D) may be less than, more than, or the same as full-employment GDP depending on the level of potential GDP.
If a tax is proportional, the average tax rate
a. remains the same as income rises. b. rises as income rises. c. falls as income rises. d. falls as income falls.
The square root of the quantity 
?is called the _____ for 
.
A. heteroskedasticity-robust t statistic? B. ?heteroskedasticity-robust standard error C. ?heteroskedasticity-robust F statistic D. ?heteroskedasticity-robust Wald statistic
If consumers are willing to pay a higher price than previously for each level of output, we can say that the following has occurred:
A. an increase in supply. B. a decrease in supply. C. a decrease in demand. D. an increase in demand.