The unemployment rate measures the:
a. percentage of the labor force who are not working but looking for work.
b. percentage of the labor force who have failed to find work in the last 2 months.
c. percentage of working adults lacking proper technical skills.
d. percentage of the labor force incapable of productive work.
a
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The impact of saving on the economy is
a. always beneficial b. always harmful c. beneficial in the short run, but not in the long run d. beneficial in the long run, but not necessarily in the short run e. neutral in both the short run and the long run
A general rule is that an economy is experiencing a recession when
A. real GDP declines for at least three months. B. real GDP declines for at least nine months. C. nominal GDP declines for at least nine months. D. real GDP declines for at least six months.
How do direct controls and specific taxes affect externalizes? Briefly explain in terms of supply and demand
Please provide the best answer for the statement.
If the price ceiling is set above the equilibrium price,
A. there will be a surplus. B. there will be a shortage. C. quantity demanded will equal quantity supplied. D. demand will be less than supply.