The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:
a. 11 percent
b. 14.4 percent.
c. 16.8 percent.
d. 10.2 percent.
b
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Use the following graph of an oligopolistic firm.
Suppose all firms within the cartel have identical costs of production. The cartel is earning
A. accounting profit but not economic profit. B. zero economic profit. C. economic profit. D. negative economic profit.
Early nineteenth century banks primarily
(a) enabled small savers to buy shares in a diversified portfolio of investments. (b) accepted and managed checkable deposits. (c) provided a broad range of financial services. (d) relied on a federal safety fund in times of well spread crisis.
Which of the following is a way to reduce agency costs?
a. Change the decision maker b. Transferring information to the decision maker c. Change the decision maker's incentives d. All of the above
A $40 billion reduction in taxes increases Real GDP by $150 million. Assuming a constant price level, what does the tax multiplier equal?
A) 3.75 B) 3.00 C) 37.50 D) 0.27 E) ?0.73