The percentage of U.S. adults with a high school education or has:
A. remained constant since the 1960s.
B. risen from 8 percent in 1960 to 31 percent in 2012.
C. risen to over 90 percent in the twenty-first century.
D. risen from 41 percent in 1960 to 88 percent in 2012.
D. risen from 41 percent in 1960 to 88 percent in 2012.
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The labor force participation rate includes
A) only those employed but looking for a job. B) both employed workers and discouraged workers not seeking jobs. C) both employed workers and those unemployed but seeking employment. D) only those who are employed.
Small-denomination time deposits are
A) considered part of near money. B) included in the definition of both M1 and M2. C) the same as transaction deposits. D) included in the definition of M1, but not in M2.
Part of the spending on the Doyle Drive project in northern California came from the American Reinvestment and Recovery Act, which is an example of discretionary fiscal policy aimed at increasing
A) tax revenues and the federal budget surplus. B) the money supply and money demand. C) disposable income and interest rates. D) real GDP and employment.
The business cycle consists of four phases. At the top we have:
a. expansion, followed by peak, and then recession followed by a recession. b. expansion, followed by a recession, and then peak followed by recession. c. peak, then an upturn followed by a recession, and then recession. d. peak, then a recession followed by expansion, and then recession. e. peak, then a recession followed by recession, and finally, expansion.