:Employed full-time:4,200Employed part-time: 700Not employed and looking for work: 300Not employed and not looking for work: 200
Given the data in Table 12.1, the labor force participation rate of Metropolis is approximately:
A. 96 percent.
B. 91 percent.
C. 83 percent.
D. 78 percent.
Answer: A
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An increase in the unemployment rate from 15 percent to 20 percent might be illustrated as: a. a movement up and to the left from one point along the production possibilities curve to another. b. a movement from a point on the production possibilities curve to an interior point
c. a movement from an interior point to a point on the production possibilities curve. d. a movement from a point inside the production possibilities curve to one closer to the origin.
The transactions motive for holding money reflects the behavior of people who hold money
a. instead of near money b. to transact purchases they expect to make c. as insurance against unexpected needs d. to speculate in the stock market e. to take advantage of changes in interest rates
Which of the following is a short-run decision for a muffin shop?
a. hire more workers b. add new ovens c. expand into the building next door d. open a second shop on the other side of town e. go out of business
The name given to government programs implemented to prevent or shorten recessions and counteract inflation is
A. supply-side economics. B. contractionary policy. C. monetary policy. D. stabilization policy.