Using the data in the above table, the labor force participation rate is
A) 60.8 percent.
B) 56 percent.
C) 4.8 percent.
D) 61.6 percent.
E) 64.4 percent.
A
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The quantity of loanable funds demanded increases if the real interest rate falls, all other things remaining the same, because the real interest rate
A) is the opportunity cost of investment. B) is not related to the price of bonds and stocks. C) affects the supply of saving which, in turn, determines the quantity of investment. D) affects the quantity of saving supplied. E) determines the cost of living.
(Last Word) A caller to a radio talk show states that protesters against globalization are a collection of "anarchist punks, naïve college students, and trade union radicals." This is an example of:
A. the fallacy of composition. B. the economic perspective. C. loaded terminology. D. marginal analysis.
Normative economic statements
A. violate the ceteris paribus assumption. B. are easily testable. C. contain value judgments. D. are usually irrational.
If the Fed wants to discourage commercial bank lending, it will:
A. increase the interest paid on reserves held at the Fed. B. decrease the interest paid on reserves held at the Fed. C. buy government securities from commercial banks. D. lower the federal funds rate target.