According to 2014 data on the U.S. population, which of the following was correct?

a. Adults of prime working age (ages 25-54) had both higher labor-force participation rates and higher rates of unemployment compared to teenagers.
b. Adults of prime working age (ages 25-54) had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
c. Adults of prime working age (ages 25-54) had both lower labor-force participation rates and lower rates of unemployment compared to teenagers.
d. Adults of prime working age (ages 25-54) had lower labor-force participation rates and higher rates of unemployment compared to teenagers.


b

Economics

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If the marginal propensity to save is 0.2, what is the expenditure multiplier?

a. 0.8 b. 1.2 c. 2 d. 5

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If the reserve ratio is 4 percent, the money multiplier is equal to 25.

Answer the following statement true (T) or false (F)

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An import quota is

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Economics