When the labor force participation rate is declining, the
A. Percentage of the total population that is employed is rising.
B. Percentage of the working-age population that is willing and able to work is declining.
C. Percentage of the working-age population that is outside the labor force is declining.
D. Unemployment rate is rising faster than the total population rate.
Answer: B
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The more willing monetary policymakers are to raise interest rates when faced with inflation, the ________ the AD curve is, and the ________ responsive equilibrium output is to the inflation rate
A) steeper; more B) steeper; less C) flatter; more D) flatter; less
Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A) inadequate enforcement of international laws. B) whales are a type of common property. C) the marginal benefit of hunting and killing a whale is greater than zero. D) whale-killing technology is too productive.
Which of the following statements is correct?
a. About 25 percent of the U.S. population earns an income below the poverty line. b. About 50 percent of blacks earn an income below the poverty line. c. Since 1980 the fraction of persons below the poverty level has risen sharply. d. None of these.
Compared to the national debts of major European countries as a percentage of national incomes, the U.S. national debt
a. is the largest. b. is the smallest. c. is at the lower end. d. falls in the highest ten percent.