A large public debt will not bankrupt the federal government because it can refinance the debt or increase taxes to pay it.
Answer the following statement true (T) or false (F)
True
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New college graduates still looking for their first jobs would be classified in the BLS data as
A. not yet in the labor force. B. part of structural unemployment. C. frictionally unemployed. D. cyclically unemployed.
Assuming there are 200 million people employed in the United States and 5 million people unemployed, the unemployment rate would therefore approximately equal
A) 2.4 percent. B) 3.2 percent. C) 5.0 percent. D) an undetermined amount given the lack of information
A theory predicts that the more a student studies, the higher his or her grades will be. This theory is
A) not falsifiable. B) falsifiable. C) too difficult a theory to test. D) inconsistent with the fact that some students study less than other students, yet receive higher grades. E) b and d
Pure monopolists:
A. maximize MR. B. are price takers. C. confront demand curves that are perfectly inelastic. D. sell where P > MC.