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Question: The percentage of the working-age population the labor force (employed + officially unemployed) i...

Show transcribed image text The percentage of the working-age population the labor force (employed + officially unemployed) is called the: A. labor force participation rate. B. employment – population ratio. C. work-activity rate. D. work-nonwork ratio. Recurring upswings and downswings in an economy's real GDP over time are called: A. recessions. B. Business cycles. C. output yo-yos. D. total product oscillations. Assuming the total population 100 million, the civilian labor force is 50 million, and 47 million workers is are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 53 percent. Inflation means that: A. all prices are rising, but at different rates. B. all prices are rising and at the same rate. C. prices on average are rising, although some particular prices maybe falling. D. real incomes are rising. If Trent's Marginal Propensity to consume (MPC) is 80, this means that he will: A. spend eight-tenths of any increase in his disposable income. B. spend eight-tenths of any level of disposable income. C. break even when his disposable income is $8,000. D. save three-tenths of any level of disposable income. The investment demand curve slopes downward and to the right because lower re interest rates: A. Increase the money supply B. boost expected rates of returns on investment. C. enable more investment projects to be undertaken profitably. D. create tax incentives to invest.

The percentage of the working-age population the labor force (employed + officially unemployed) is called the: A. labor force participation rate. B. employment – population ratio. C. work-activity rate. D. work-nonwork ratio. Recurring upswings and downswings in an economy's real GDP over time are called: A. recessions. B. Business cycles. C. output yo-yos. D. total product oscillations. Assuming the total population 100 million, the civilian labor force is 50 million, and 47 million workers is are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 53 percent. Inflation means that: A. all prices are rising, but at different rates. B. all prices are rising and at the same rate. C. prices on average are rising, although some particular prices maybe falling. D. real incomes are rising. If Trent's Marginal Propensity to consume (MPC) is 80, this means that he will: A. spend eight-tenths of any increase in his disposable income. B. spend eight-tenths of any level of disposable income. C. break even when his disposable income is $8,000. D. save three-tenths of any level of disposable income. The investment demand curve slopes downward and to the right because lower re interest rates: A. Increase the money supply B. boost expected rates of returns on investment. C. enable more investment projects to be undertaken profitably. D. create tax incentives to invest.