Which of the following demographic groups in the U.S. has the highest unemployment rates?
A. college graduates
B. white working-age people
C. African-American teenage males
D. all working-age people with a high school diploma but no college
Answer: C
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A ________ externality occurs when a market transaction affects others through market prices
A) positive B) negative production C) negative consumption D) pecuniary
Gross domestic product (GDP) is defined as:
a. the market value of all final goods and services produced within the borders of a nation. b. incomes received by all of a nation's households. c. the quantity of each good and service produced by U.S. residents. d. none of these.
An increase in immigration will lower the equilibrium wage, all else held constant
a. True b. False Indicate whether the statement is true or false
How useful is M2 in tracking inflation? Explain.
What will be an ideal response?