In the United States in 1996, the population was 265.5 million and the working age population was 200.6 million. There were 133.9 million people in the labor force and 126.7 of them were employed. The unemployment rate equaled ________
A) 7.2 percent
B) 5.4 percent
C) 3.6 percent
D) 33 percent
B
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What is the fastest growing component of consumption in the United States?
A) new home construction B) services C) nondurable goods D) durable goods
What is a crawling peg and how does it work?
What will be an ideal response?
As bonds become a riskier asset, the demand for money ________ and, all else constant, the equilibrium interest rate ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
a. A backward-bending labor-supply curve b. A perfectly elastic labor-supply curve c. A perfectly inelastic labor-supply curve d. A perfectly elastic labor-demand curve e. A backward-bending labor-demand curve