The definition of the adult population is those who are 16 years and older and who are
A) employed or unemployed.
B) in the labor force.
C) in the labor force or not in the labor force.
D) not in the labor force.
C
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From an initial long-run macroeconomic equilibrium, if the Federal Reserve anticipated that next year aggregate demand would grow significantly faster than long-run aggregate supply, then the Federal Reserve would most likely
A) increase interest rates. B) increase income tax rates. C) decrease income tax rates. D) decrease interest rates.
If the interest rate is 10 percent, what is the present value of an asset that yields an annual return of $10,000?
a. $1,000 b. $10,000 c. $1,000,000 d. $100,000 e. not enough information to determine
Money is the standard of exchange by which any type of goods can be purchased.
Answer the following statement true (T) or false (F)
In a grim-trigger strategy, a firm responds to underpricing by choosing a price so low that each firm makes zero economic profit.
Answer the following statement true (T) or false (F)