The labor force participation rate is defined as
a) the ratio of employment to the labor force
b) the ratio of the working-age population to the total population
c) the ratio of employment to the total population
d) the ratio of the labor force to the civilian, non-institutionalized, working-age population
e) the number of hours worked per week divided by 40
d) the ratio of the labor force to the civilian, non-institutionalized, working-age population
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In the FOMC's "Statement on Long-Run Goals and Monetary Policy Strategy,"the FOMC agreed to a single numerical value of the inflation objective, 2% on the ________
A) PCE deflator B) GDP deflator C) CPI D) PPI
Unit root tests
A) use the standard normal distribution since they are based on the t-statistic. B) cannot use the standard normal distribution for statistical inference. As a result the ADF statistic has its own special table of critical values. C) can use the standard normal distribution only when testing that the level variable is stationary, but not the difference variable. D) can use the standard normal distribution but only if HAC standard errors were computed.
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its loan balance can increase by a maximum of:
a. $0. b. $90. c. $100. d. $900. e. $910.