In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The unemployment rate is
A) 28.6%.
B) 20%
C) 25%
D) 13.33%
E) There is not enough information to answer this question.
A
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Assuming a 10-percent decrease in both the nominal (money) wage and the price level in the classical model, then the quantity of labor supplied will
a. also decrease by 10 percent. b. increase by 10 percent. c. remain constant. d. decrease by less than 10 percent.
A weakness of the price system is that it completely fails to take account consumer preferences in the distribution of goods and services.
Answer the following statement true (T) or false (F)
When the government created the Consumer Product Safety Commission they created what type of government regulation?
a. social regulation b. economic regulation c. antitrust policy d. none of the above
Increase in supply mean a new supply (subsidy) line . . .
What will be an ideal response?