Who reports the official U.S. unemployment rate?
a. the U.S. Treasury Department
b. the U.S. Federal Reservethe
c. U.S. Bureau of Labor Statistics
d. unemployment collection offices
Ans: c. U.S. Bureau of Labor Statistics
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In the attempt to use deficits to fight the Great Recession, what was the size of the federal government's "stimulus" plan of 2009?
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The official unemployment rate might underestimate the underutilization of labour resources for all of the following reasons except ________.
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An increase in the average tax rate, with the marginal tax rate held constant, will
A. increase the amount of labor supplied at any real wage. B. not affect the amount of labor supplied at any real wage. C. decrease the amount of labor supplied at any real wage. D. increase the amount of labor supplied at any real wage if the average tax rate is above the marginal tax rate, but decrease the amount of labor supplied at any real wage if the average tax rate is below the marginal tax rate.