The number of people classified as employed is 500,000 and the number of people in the labor force is 550,000. The total number of people classified as unemployed is
A. 11,000.
B. 50,000.
C. 500,000.
D. 550,000.
Answer: B
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Refer to Table 9-7. Fill in the following table with the opportunity costs of producing handbags and jackets for Cambodia and Thailand
Handbags Jackets Cambodia Thailand
Assume a nation has a fixed exchange rate, and the central bank lowers the discount rate. What is the net effect on the unemployment rate? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium
a. The unemployment rate rises. b. The unemployment rate falls. c. The unemployment is not affected. d. The change in the unemployment rate depends on the degree of international capital mobility.
The opportunity cost of holding money refers to
A. the service fees associated with checking accounts. B. the pleasure that would have been received if the money balances had been used to buy a good or service. C. the interest that could have been earned if the money balances had been transferred to an interest-bearing asset. D. the service fees associated with checking accounts plus the costs undertaken to prevent theft.
Time deposits of $100,000 or more are:
A. a component of M1. B. a component of M2 but not of M1. C. a component of M1 but not of M2. D. not a component of M1 or M2.