What type of person would you expect to have the shortest indenture?
a. 13 year-old male craftsman who went to New England
b. 22 year-old male laborer who went to the West Indies
c. 20 year-old male farm worker who went to the South
d. 21 year-old male carpenter who worked in the West Indies
d. 21 year-old male carpenter who worked in the West Indies
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Other things remaining the same, the ________ the real interest rate, the ________
A) higher; greater the demand for loanable funds B) higher; greater the quantity of loanable funds demanded C) lower; greater the quantity of loanable funds demanded D) lower; greater the demand for loanable funds E) lower; greater the quantity of loanable funds supplied
Using the information in the table above, calculate the employment-to-population ratio
A) 75 percent B) 65 percent C) 50 percent D) 23.2 percent
If there is an excess demand for bonds at a given price of bonds, then
A) the interest rate will fall. B) the interest rate will rise. C) the price of bonds will fall. D) the interest rate may rise or the interest rate may fall depending upon the reasons for the excess demand for bonds.
Changes in total factor productivity are plausible causes of business cycles because productivity-induced business cycles correctly predict
A) real wages and total hours must be procyclical. B) real wages and consumption must be procyclical. C) total hours worked and consumption must be procyclical. D) consumption and government spending must be procyclical.