The Bureau of Labor Statistics defines the unemployment rate as the percentage of
a. those unemployed relative to those employed.
b. the labor force that is unemployed.
c. the adult population that is unemployed.
d. the adult population that is unemployed or not in the labor force.
b
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The Taylor Principle states that central banks raise nominal rates by ________ than any rise in expected inflation so that real interest rates ________ when there is a rise in inflation
A) less; rise B) more; fall C) less; fall D) more; rise
A nation is said to have _____ in the production of a good if it can produce it at a lower cost than another nation
a. a comparative advantage b. an absolute advantage c. economies of scale d. production efficiency
A measure of the volatility of a variable is its
a. present value. b. future value. c. return. d. standard deviation.
Interbank trading is:
a. a monopoly business in the United States. b. controlled by just 10 banks. c. a state-mandated business. d. a highly competitive market, with hundreds of banks offering services.