Discouraged workers who are over 16 years old are
i. not counted as unemployed.
ii. part of the working-age population.
iii. part of the labor force.
A) i only
B) ii only
C) i and ii
D) ii and iii
E) i, ii, and iii
C
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If the economy is not fully using its inputs, pumping money into the economy will put ________ pressure on interest rates and will tend to ________ output
A) upward; increase B) upward; decrease C) downward; increase D) downward; decrease
An increase in ________ tends to increase ________ and therefore increase ________
A) cost; price; supply B) cost; demand; price C) demand; price; cost D) supply; cost; price
The neoclassical growth theory concluded that economic growth is temporary because of a population explosion that occurs as a result of economic growth
Indicate whether the statement is true or false
To reduce the principal-agent problem
A) boards-of-directors can tie the salaries of top management to the profitability of the firm. B) managers can inflate profits on financial statements. C) managers can take on more risk than they disclose to investors. D) managers can hide liabilities by not disclosing them on financial statements.