Government involvement has become so prevalent in the U.S. economy that the U.S. economy is now generally considered to be a socialist economy
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate. B) increase the measured unemployment rate. C) decrease the number of persons in the working-age population. D) decrease the number of persons in the labor force.
The duration of a recession is measured from:
A. trough to peak. B. trough to trough. C. peak to trough. D. peak to peak.
What may be the reasons that explain the observation that during periods of hyperinflation economic growth actually slows or even contracts?
What will be an ideal response?
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces one pair of earrings, her total variable costs are
A. $50. B. $100. C. $150. D. indeterminate from this information.