The unemployment rate equals
A) (number of people without a job ÷ population)× 100.
B) (number of people without a job ÷ working-age population) × 100.
C) [(working-age population - number of people employed) ÷ labor force] × 100.
D) (number of people unemployed ÷ labor force) × 100.
E) (number of people unemployed ÷ population) × 100.
D
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Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because
A) they are not liabilities of the banks. B) they sometimes earn an interest income for the depositor. C) they are generally acceptable in the payment of debt. D) banks hold currency in their vaults equal to the value of demand deposits.
The net exports effect is the inverse relationship between net exports and the ____ of an economy
a. potential real GDP b. chain-price deflator c. price level d. consumption spending
At high levels of interest, borrowers will borrow ____ and suppliers will supply ____.
A. more; less B. less; more C. less; less D. more; more
Central planning is a key characteristic of which economic system?
A) free market B) price system C) command and control D) mixed economic system