The official unemployment rate:
A) is the percentage of the labour force which is working part-time.
B) is the percentage of the labour force which is unemployed.
C) is the percentage of the total population which is not working.
D) reveals people over 21 years of age who are currently discouraged and are not looking for a job.
B) is the percentage of the labour force which is unemployed.
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The prevalence of Alzheimer's dementia is very high among residents living in nursing homes. A student concludes that it is likely that living in a nursing home causes Alzheimer's dementia. What is the flaw in the student's reasoning?
A) The student is drawing a false conclusion by making the mistake of omitting critical variables such as the age and gender of the residents. B) The student has failed to take into account other causes of Alzheimer's disease. C) The student is drawing a false conclusion; he is confusing cause and effect. D) The student is using an inadequate sample size.
Targeting interest rates can be procyclical because
A) an increase in income increases interest rates, causing the Fed to buy bonds, increasing the monetary base and money supply, leading to further increases in income. B) an increase in interest rates increases income, causing the Fed to buy bonds, increasing the monetary base and money supply, leading to further increases in income. C) an increase in the monetary base increases the money supply, causing the Fed to buy bonds, increasing the monetary base and money supply, leading to further increases in income. D) an increase in income increases the monetary base and money supply, causing the Fed to buy bonds to increase interest rates and income.
Secondary reserves consist of
A. government securities. B. cash and securities. C. cash, required reserve deposits, and securities. D. cash only.
The supply schedule shows the specific quantity of a good that suppliers are willing and able to:
A. demand at various prices. B. produce at various costs. C. hold back from the market when competition is reduced. D. provide at different prices.