The unemployment rate may underestimate the true extent of unemployment if:
a. many part-time employees would like to work full-time, but are unable to get the additional work.
b. employees increase the number of hours they work overtime
c. there are a large number of people working in the underground economy.
d. any of the above occur.
a
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In computing GDP, it is essential to
A) avoid double counting. B) include government transfer payments. C) include government tax revenues. D) count all intermediate products directly as they are produced.
Ricardian equivalence refers to
a. the equivalence of taxes and revenues in fiscal policy. b. the fact the households incorporate inflationary expectations in calculating interest payments. c. the equivalence of imports and exports in an open economy. d. the possibility that households may say save now so that they can pay the higher taxes later if there is a tax cut at the present time which drives up future interest payments. e. none of the above.
The Equal Employment Opportunity Commission (EEOC) enforces laws forbidding employment discrimination based on all of the following EXCEPT
A. education level. B. age. C. national origin. D. disabled status.
The number of observations minus the number of estimated coefficients in a regression equation is called:
A) degrees of freedom. B) variance. C) standard error fo the regression. D) none of the above.