The sum of the number of employed people and the number of unemployed people equals the labor force of a country
a. True
b. False
Indicate whether the statement is true or false
True
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The index most widely used by the government and the private sector to measure changes in the cost of living is the
A) Consumer Price Index. B) Producer Price Index. C) the chain-weighted price index. D) the GDP deflator.
Under a flexible exchange-rate system, an increase in the demand for Japanese yen would cause the U.S. dollar-Japanese yen exchange rate to
A. rise. B. fall. C. remain unchanged, because supply also increases. D. remain unchanged, because the exchange rate is set by the central bank.
Which of the following acts prohibits two competitors from merging with one another for the purpose of reducing competition?
A) the Sherman Act B) the Clayton Act C) the Federal Trade Commission Act D) the Robinson-Patman Act
If income increases or the price of a complement falls, the
A) demand curve for a normal good shifts leftward. B) demand curve for a normal good shifts rightward. C) supply curve of a normal good shifts leftward. D) supply curve of a normal good shifts rightward.