If the labor force grows faster than the number employed, the
A. unemployment rate will fall.
B. unemployment rate will rise.
C. labor force rate will rise.
D. employment rate will rise.
Answer: B
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During the 1900-1950 period,
a. the growth of real GDP was more stable than has been the case since 1950. b. unemployment seldom exceeded 4 percent of the labor force. c. double-digit swings in real GDP during a single year were not uncommon. d. the money supply was increased at a constant annual rate of between 4 percent and 6 percent throughout the period.
Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The retailer, in turn, brings in $155,000 from selling the bulbs directly to final customers. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?
What will be an ideal response?
Which of the following statement is FALSE?
a) disposable income - saving = consumption expenditure b) consumption expenditure + saving = disposable income c) saving = disposable income - consumption expenditure d) consumption expenditure = saving - disposable income
Collective bargaining
A. is bargaining between unions and management. B. has nothing to do with fringe benefits. C. is practiced in non-union related disputes. D. is illegal in many states.