There are 100,000 adults in the population. 80,000 of them are in the labor force. 60,000 of the labor force are employed. What is the unemployment rate 25% 20% 75% 40%
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If the marginal propensity to consume changed from 0.8 to 0….
If the marginal propensity to consume changed from 0.8 to 0.6, then the spending multiplier would change from 1. 5 to 2.5. 2. 2.5 to 5. 3. 0.8 to 0.6. 4. 8 to 6.
Which was an example of a company that pays their workers mo…
Which was an example of a company that pays their workers more than their competitors and in return receive better performance from them? 1. JC Penny 2. Macys 3. The Container Store 4. Bed Bath and Beyond
Who is not part of the civilian labor force? 1. Part time wo…
Who is not part of the civilian labor force? 1. Part time workers 2. Underemployed workers 3. Overqualified workers 4. Discouraged workers
Your boss gives you an increase in the number of dollars you…
Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased your real wage increase. If your real wage rose by a greater percentage than the price level, then your nominal wage also increased your real wage decrease. If your real wage rose by a greater percentage than the price level, then your nominal wage decreased
When a person is voluntarily employed longer than they need…
When a person is voluntarily employed longer than they need to be this is known as _______ unemployment 1. technological 2. frictional 3. structural 4. cyclical
Imagine that the economy is in long-run equilibrium. Then, p…
Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the future and stay this way for some time. Refer to Optimism. Which curve shifts and in which direction? aggregate demand shifts right aggregate demand shifts left aggregate supply shifts right aggregate supply shifts left
In a fractional-reserve banking system, a bank keeps…
In a fractional-reserve banking system, a bank keeps only a fraction of its deposits in reserve does not accept deposits does not make loans None of the above is correct
Suppose you will receive $500 at some point in the future. I…
Suppose you will receive $500 at some point in the future. If the annual interest rate is 5 percent, then the present value of the $500 is 1. $411.26 if the $500 is to be received in 5 years and $338.95 if the $500 is to be received in 10 2 . $348.28 if the $500 is to be received in 5 years and $242.60 if the $500 is to be received in 10 3. $291.11 if the $500 is to be received in 5 years and $272.89 if the $500 is to be received in 10 4. $291.11 if the $500 is to be received in 5 years and $236.49 if the $500 is to be received in 10
Which list ranks assets from most to least liquid? st…
Which list ranks assets from most to least liquid? stocks, money, cars, houses stocks, cars, money, houses money, stocks, cars, houses money, cars, houses, stocks