Each of the following has contributed to the growing number of homeless people except
A. the rising crime rate.
B. gentrification of the cities.
C. the decline in the number of entry-level factory jobs.
D. the deinstitutionalization of the mentally ill.
A. the rising crime rate.
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If the nominal interest rate in an economy is 9% and the expected inflation rate is 6%, then the expected real interest rate in the economy is:
A) 15%. B) 3%. C) 6%. D) 9%.
In the short run, a perfectly competitive firm can earn: a. positive economic profits. b. zero economic profits
c. negative economic profits. d. any of the above.
Related to the Economics in Practice on p. 431: ________ is responsible for producing and maintaining the National Income and Product Accounts (NIPAs).
A. The Department of Commerce B. The Department of the Treasury C. The Federal Reserve Bank D. Congress
The number of U.S. workers in unions today is:
A. roughly equivalent to what it was in the 1950s. B. about 13%of all wage and salary workers. C. just under 15 million Americans. D. not something we can estimate due to the lack of information on all people in the labor market.