The unemployment rate in an economy is 7.5 percent. The total population of the economy is 250 million and the size of the civilian labor force is 180 million. The number of employed workers in this economy is:
a. 174.6 million
b. 13.5 million
c. 15.7 million
d. 166.5 million
d. 166.5 million
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The outside lags related to monetary policy tend to be quite long
Indicate whether the statement is true or false
The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. The sales tax on anti-freeze decreases the quantity of anti-freeze that automobile owners purchase by
A) 0 gallons. B) 1000 gallons. C) 2000 gallons. D) 3000 gallons.
An example of U.S. foreign direct investment would be a:
A. factory in Canada owned by a U.S. citizen. B. factory in Japan owned by a Canadian citizen. C. factory in New Mexico owned by a Japanese citizen. D. All of these are examples of foreign direct investment.
Which of the following is likely to have the most price elastic demand?
a. ice cream b. frozen yogurt c. vanilla ice cream d. Häagen-Dazs® vanilla bean ice cream