The United States' economy would be operating at full employment with labor unemployment rate of ___ percent and a capacity utilization rate of _____ percent.
A. 5; 95
B. 5; 85
C. 10; 95
D. 10; 85
B. 5; 85
You might also like to view...
The quantity of dollars demanded by foreign nations increases as
A) U.S. residents purchase more foreign goods. B) foreigners purchase more U.S. goods. C) more U.S. residents travel abroad. D) U.S. exports fall.
Over longer periods of time, increases in oil prices provide firms with incentives to explore and recover oil. What does this indicate about the long-run price elasticity of supply for oil?
A) The elasticity coefficient is unstable in the long run because oil supplies may be depleted. B) The elasticity coefficient approaches 0 in the long run as supplies are depleted. C) The elasticity coefficient is likely to be higher in the long run than in the short run. D) The elasticity coefficient is likely to be lower in the long run than in the short run.
Refer to the above table. At a price of $450, there is an
A) equilibrium. B) excess quantity supplied of 4,000 tablets. C) excess quantity demanded of 6,000 tablets. D) excess quantity demanded of 9,000 tablets.
Once people hear what the majority of individuals like them are doing, they are most likely going to choose:
A. something better, because they typically want to be special. B. something slightly worse, because they don't want to be taken advantage of. C. the same, because they typically don't like to be outliers. D. None of these is likely.