The unemployment rate can increase when
A) the proportion of 18-22 year olds that go to college increases.
B) the number of unemployed workers increases.
C) the number of job finders increases.
D) the size of the military increases.
B
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Which of the following is a way to finance a budget deficit?
A) increased private saving B) decreased domestic investment C) decreased foreign investment D) all of the above
From 1994 to 1999, inflation in the United States was relatively constant at approximately 2.5 percent. When inflation is constant for an extended period, which of the following is most likely?
a. People will correctly anticipate the actual inflation rate, and the actual rate of unemployment will approach the natural rate of unemployment. b. People will correctly anticipate the actual inflation rate, and the actual rate of unemployment will exceed the natural rate of unemployment. c. The actual inflation rate will be greater than the anticipated rate, leading to an actual rate of unemployment that exceeds the natural rate of unemployment. d. Actual inflation will be less than the anticipated rate, leading to an actual rate of unemployment that exceeds the natural rate of unemployment.
If the United States, at the point where it is currently producing, must give up the production of 500 bicycles (B) to produce 20 additional tractors (T) with the same resources, its opportunity cost may be expressed as:
A) 1/25B = 1T. B) 1B=1T. C) 1B=25T. D) 25B=1T.
Recall the Application about the demand and price for margarine to answer the following question(s).Recall the Application. The reason that the change in demand for margarine did not change the equilibrium price in the long run is because the margarine industry is an example of ________ industry.
A. a decreasing-cost B. an increasing-cost C. a constant-cost D. a negative-cost