For purposes of calculating the unemployment rate, a person who works only 20 hours per week
A. is counted as being unemployed.
B. is not included in the labor force.
C. is not included in the population.
D. is not counted as being unemployed.
D. is not counted as being unemployed.
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A simple deposit multiplier equal to one implies a required reserve ratio equal to
A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.
Which of the following could be a cause of consumption decreasing?
A. Real income increases. B. Interest rates increase. C. Wealth increases. D. Expected future income increases.
If the government is successful in cutting the economic pie into more equal slices, than it is quite possible that a. the pie gets larger
b. the pie gets smaller. c. it increases the reward for working hard, resulting in people producing more goods and services. d. none of the above.
If technology improves when a nation is in the intermediate range and only the Aggregate Supply changes, then:
a. Real GDP remains the same and average price level rises. b. Real GDP remains the same and average price level remains the same. c. Real GDP falls and average price level rises. d. Real GDP falls and average price level falls. e. Real GDP rises and average price level falls.