In June 2012, the U.S. labor force consisted of 142,415,000 employed and 12,749,000 unemployed. The U.S. unemployment rate for June 2012 was about
A) 7.4 percent. B) 8.2 percent. C) 9.0 percent. D) 11.2 percent.
B
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Ignoring any supply-side effects, how does the magnitude of the government expenditure multiplier compare to the magnitude of the tax multiplier? Explain your answer
What will be an ideal response?
The maximum value that the Herfindahl-Hirschman Index can attain is
A) 1. B) 10. C) 100. D) 10,000.
An unintended effect of a new tax placed on the producers of good A may include
A. a higher price paid by the consumers of good A. B. less consumers' surplus for the buyers of good A. C. fewer workers employed in the production of good A. D. all of the above
Leading indicators:
a. Are near perfect predictors of the future. It is for this reason that they are relied on so heavily by governments, central banks, and the private sector. b. Have a mixed track record for predicting business cycles and should therefore be used cautiously. Nevertheless, they still might provide some useful insights. c. Are designed to be used in theoretical research only and therefore do not provide any value added when analyzed for business purposes. d. Give information about an economy's performance in the past and should consequently not be used for business decisions.