A decrease in the price level in an economy implies that _____
Fill in the blank(s) with the appropriate word(s).
there will be an increase in investment.
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If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006. B) the number of employed people in 2015 would not have been different. C) an additional 8 million people would have been working in 2015 than actually were. D) 3.5 million fewer people would have been working in 2015 than actually were.
When resources are fully employed, aggregate supply reaches an impassable limit
Indicate whether the statement is true or false
The lemons model is used to analyze:
A. markets with asymmetric information. B. the market for citrus fruit. C. the Low-Hanging-Fruit Principle. D. markets in which search is costly.
The total labor force is 100,000 out of a possible working age population of 160,000. The total number of unemployed is 8,000. What is the unemployment rate?
A. 7 percent B. 6 percent C. 5 percent D. 8 percent