Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?
a. The person must have worked no more than 10 hours during the past week..
b. The person must have tried to find employment during the previous four weeks.
c. The person may not have been laid off.
d. All of the above are correct.
b
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Refer to the above figure. As the real national income expands from Y2 to Y3,
A) tax revenues fall. B) a budget deficit occurs. C) government transfers rise. D) a budget surplus occurs.
Which of the following most accurately describes what the text says about mercantilists?
a. They tried to build up the military power of their economies. b. They tried to produce full employment. c. They confused gold and silver with true wealth. d. They were merely spokesmen for special interest groups.
According to John Maynard Keynes,
a. the demand for money in a country is determined entirely by that nation's central bank. b. the supply of money in a country is determined by the overall wealth of the citizens of that country. c. the interest rate adjusts to balance the supply of, and demand for, money. d. the interest rate adjusts to balance the supply of, and demand for, goods and services.
Because the United States usually sends more humanitarian and military aid to foreigners than it receives, ______.
a. the net balance is usually positive b. exports of goods are usually in deficit c. service imports are usually positive d. the net transfers are usually in deficit