The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age, gender, and race
a. True
b. False
Indicate whether the statement is true or false
True
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When good weather speeds the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________
A) decrease; sales B) decrease; purchases C) increase; sales D) increase; purchases
If the government allowed a free market for transplant organs such as kidneys to exist, critics argue that such a market would
a. not reduce the shortage of organs. b. benefit rich people but not poor people. c. be inefficient because markets are not good at allocating scarce resources. d. be inferior to a plan imposed by a benevolent dictator.
When the Federal Reserve increases its target rate of inflation, it will set a ________ real interest rate at every inflation rate and the aggregate demand curve will ________.
A. lower; shift to the right B. higher; shift to the left C. lower; shift to the left D. higher; shift to the right
If the price of apples went down by 20 percent, which of the following values of the cross price elasticity for boats would be most reasonable to anticipate?
A) 0.0 B) 2.0 C) -2.0 D) -20