Refer to Table 20-1. The unemployment rate for this simple economy equals
A) (100/1,000 ) × 100. B) (100/15,000 ) × 100. C) (100/1,100 ) × 100. D) (100/20,000 ) × 100.
C
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The amount by which the expected return on a risky asset exceeds the return on an otherwise comparable safe asset is known as the
A) CDS spread. B) risk premium. C) VIX. D) term spread.
One of the most serious weaknesses in traditional Medicare is that:
a. patients must pay a deductible every time they enter the hospital. b. the definition of an episode of illness is too restrictive. c. Part B is voluntary. d. patients are not able to choose their own physicians. e. it provides poor insurance coverage for unusually long hospital stays.
Which of the following is likely to decrease the supply of U.S. dollars in the forex market?
A. If investors' confidence in foreign economies increases B. If U.S. consumers prefer foreign goods to U.S. goods C. If foreign interest rates are low relative to U.S. interest rates D. All of these will increase the supply of U.S. dollars.
Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens in the market for autoworkers? Explain. Now, suppose the automakers improve working conditions
at the plants. What are the effects? Explain. What will be an ideal response?