The unemployment rate equals the percentage of the adult population that is unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of
A) output of a specific firm. B) employment in the economy. C) employment in a specific industry. D) output of a specific industry.
In the Keynesian model in the long run, a decrease in the money supply will cause ________ in the real interest rate and ________ in the price level
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
In the United States, the supply curve for human organs currently is: a. vertical
b. horizontal. c. downward sloping. d. upward sloping.
Empirical analysis generally deals with theory and little data.
A. True B. False C. Uncertain