If the unemployment rate is 8 percent, this means:
a. 8 percent of the population is unemployed
b. 8 percent of the population over age 16 is unemployed.
c. 8 percent of the labor force is unemployed.
d. the number of unemployed persons equals 8 percent of the employed persons.
c
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A Japanese businessman opened an automobile showroom in Singapore this year. His income will lead to a(n) ________
A) increase in the GDP of Singapore B) decrease in the GDP of Singapore C) increase in the GDP of Japan D) decrease in the GDP of Japan
When _____ are ______, it will be difficult to reach a private solution
a. transactions costs; high b. transactions costs; low c. externalities; visible d. externalities, invisible
Which of the following is a flow variable?
a. the number of cars registered in the U.S. b. the number of unemployed workers this week c. your total net worth yesterday d. the government debt this year e. a salary of $4,000 per month
A technological advance... the long-run aggregate supply curve and... the short-run aggregate supply curve
What will be an ideal response?