Teenagers have more frequent unemployment spells so, on average, they spend more time searching for jobs. Other thing the same, this means that teenagers have a
a. higher unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be higher.
b. higher unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
c. lower unemployment rate. If a larger portion of the adult population were teenaged, the natural rate of unemployment would be lower.
d. lower unemployment rate. The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
a
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Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4% E) 5%
What is the key feature shared by all oligopoly markets?
a. A large number of sellers. b. Mutual interdependence. c. Product differentiation. d. Easy entry and exit.
As the baby boomers begin moving into the retirement phase of life during the years following 2010, spending on Social Security and Medicare will
A) rise and this will make it easier for the federal government to balance its budget. B) fall and this will make it easier for the federal government to balance its budget. C) fall and this will make it more difficult for the federal government to balance its budget. D) rise and this will make it more difficult for the federal government to balance its budget.
Suppose the capital gains tax is 28 percent and you purchased a house ten years ago for $80,000. If you sold the house today you would get $140,000. Your tax liability would be
A. $39,200. B. $16,800. C. indeterminate without knowing the inflation rate. D. indeterminate without knowing the personal income tax rate.