Amy is working part-time. Tavaris is on temporary layoff. Who is included in the Bureau of Labor Statistics' "employed" category?
a. only Amy
b. only Tavaris
c. both Amy and Tavaris
d. neither Amy nor Tavaris
a
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The supply of lettuce in the short run will be ________ than the supply in the long run and ________ than the supply today
A) more elastic; less elastic B) more elastic; more elastic C) less elastic; more elastic D) less elastic; less elastic
According to the equation of exchange, if real Gross Domestic Product (GDP) is $25 billion, the money supply is $10 billion, and the price index equals 2, then the income velocity of money is
A) 5. B) 10. C) 25. D) 50.
If a firm experiences constant returns to scale throughout:
a. the long-run average-total-cost curve is negatively sloped. b. the short-run average-total-cost curves are tangential to the long-run average-total-cost curve at a point on their positively sloped portion. c. the short-run average-total-cost curves are tangential to the long-run average-total-cost curve at their minimum points. d. the short-run average-total-cost curves are tangential to the long-run average-total-cost curve at a point on their negatively sloped portion. e. the long-run average-total-cost curve is positively sloped.
In 2012, approximately what percent of the national debt was held by the Federal Reserve system?
a. 5 percent b. 10 percent c. 40 percent d. 55 percent