The unemployment rate is defined as the
A) number of people not working.
B) percentage of the population not working.
C) percentage of the labor force not working.
D) percentage of the working-age population not working.
C
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Assuming all else equal, the ________, the lower the nominal interest rate
A) lower the inflation rate B) higher the inflation rate C) lower the income tax rates D) higher the income tax rates
Consider the market for consumer loans. A legal ceiling set below the market-clearing interest rate would tend to
A) increase the quantity demanded for loans. B) decrease the quantity supplied of loans. C) create a shortage of loans. D) do all of the above. E) do none of the above.
When a tax is imposed and some of the lost surplus becomes tax revenues, the group that benefits is:
A. consumers. B. producers. C. recipients of government services. D. Only the government benefits from that lost surplus.
For an economy as a whole, net exports must equal minus one times net capital outflow
a. True b. False Indicate whether the statement is true or false