College graduates now earn nearly five times as much as their high school-educated peers, but the gap is falling.
Answer the following statement true (T) or false (F)
False
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Who is an unemployed worker? If the number of employed workers in a country, where the size of the labor force is 4 million, is 2.75 million, what is the number of unemployed workers in the country?
What will be an ideal response?
If an economy is in an equilibrium with an inflationary gap, policymakers can use
A) discretionary fiscal policy and decrease government expenditure. B) automatic fiscal policy and increase government expenditure. C) discretionary fiscal policy and cut taxes. D) automatic fiscal policy and cut taxes. E) discretionary fiscal policy and increase government expenditure.
If the Fed attempts to reach and maintain very low rates of unemployment, we would expect the rate of inflation to rise
Indicate whether the statement is true or false
If the MPP of labor is 60 and the price of labor per period is $20, the MPP of machinery is 75, and the price of the machinery per period is $25, in order to achieve optimal input proportions, the firm should use
A. more labor and less machinery. B. more machinery and less labor. C. more labor with the same amount of machinery. D. the current combination.