If the labor-force participation rate is 90% and the total population 16 years of age or older is 3 million people, the labor force is
A. 2,450,000 people.
B. 2,700,000 people.
C. 3,300,000 people.
D. 3,900,000 people.
Answer: B
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The portion of a country's overall assets that is directly related to the environment, such as forests and soil quality, is known as
(a) environmental capital. (b) debt for nature swaps. (c) protected areas. (d) common property assets.
If the aggregate demand curve shifts to the left and the aggregate supply curve shifts to the right, the result will be a
A. decrease in the level of output. B. decrease in the price level. C. higher price level. D. higher unemployment rate.
Loretta agrees to lend Ted $500,000 to buy computers for his consulting firm. They agree to a nominal interest rate of 8%. Both expect the inflation rate to be 2%. (a)Calculate the expected real interest rate.(b)If inflation turns out to be 3% over the life of the loan, what is the real interest rate? Who gains from unexpectedly high inflation, Loretta or Ted?(c)If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
What will be an ideal response?
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C