The percentage of the population over 16 that is employed or seeking employment is called the
A. Unemployment Rate.
B. Employment Rate.
C. Employment-Population Ratio.
D. Labor Force Participation Rate.
Answer: D
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Which of the following would be considered a fiscal policy action?
A) Spending on the war in Afghanistan is increased to promote homeland security. B) Tax incentives are offered to encourage the purchase of fuel efficient cars. C) A tax cut is designed to stimulate spending during a recession. D) The Fed increases the money supply.
With a pure gold standard
A) a nation may not pursue an independent monetary policy. B) an inflow of gold will reduce the money supply of a country. C) there will be a tendency for a too rapid increase in the volume of world trade. D) a balance of payments deficit will lead to an increase in the domestic price level.
Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
a. Taxes increase workers' incentives to work for longer hours. b. Taxes raise the disposable income of the workers. c. Imposition of taxes makes the government popular among the people. d. Taxes reduce the opportunity cost of leisure. e. Taxes reduce the demand for labor.
A decrease in business taxes, causes the expected profitability of investment projects to __________, which then shifts the AD curve to the __________
A) rise; right B) rise; left C) decline; right D) decline; left