The unemployment rate is the percentage of:
a. the total adult population without jobs.
b. adults who are in the labor force but who do not have jobs.
c. the total adult population that are not working full-time jobs.
d. the population without jobs.
b. adults who are in the labor force but who do not have jobs.
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Suppose we are considering the relationship between two variables y and x. y is measured on the y-axis and x is measured on the x-axis, and the relationship between then is a straight line. Suppose that the slope of the line is greater than 1
This slope means that A) a change in x is associated with a bigger change in y. B) a change in x is associated with a smaller change in y. C) a change in x is associated with no change in y. D) a change in x is associated with an equal change in y.
Which of the following differs between a perfectly competitive market and a market with a perfectly price discriminating monopoly?
A) The amount of producer surplus B) The quantity produced C) The total surplus D) None of the above because they are all the same in a perfectly competitive market and in a market with a perfectly price discriminating monopoly.
Microeconomics and macroeconomics use different units of analysis
Indicate whether the statement is true or false
From 2009 to 2010, the CPI for education increased from 279.3 to 281.8 . What was the inflation rate for education between 2009 and 2010?
a. 0.9% b. 9.0% c. 2.5% d. 90%