Author: Anonymous

True or False. Public policies to assist the unemployed as it relates to the supply side of the labor market affect the willingness of firms to hire.

If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is: (Enter you value as a numeric percentage with no percentage sign)

Suppose the following data describe output in two different years: Item Year 1 Quantity Year 1 Price Year 2 Quantity Year 2 Price Oranges 15,000  $     0.25 20,000  $       0.30 Computers 600  $775.00 700  $  825.00 Video Games 8,000  $     0.80 10,000  $       1.10 Compute real GDP in year 2 (Enter as a numeric value e.g. 100000)

True or False.  Allocative efficiency can exist without productive efficiency.

True or False.  Even though there is controversy over economic goals in terms of monetary policy, the Fed has pursed inflation-targeting.

If you use your debit card to purchase a used Ford truck, you are using money primarily as

Children are taken to school by car instead of walking or using public transport is a ___________ externality. Fill in the blank write your answer all in lower case.

The market will:

True or False.  Banks lower transactions costs & act as financial intermediaries 

The demand curve for an individual monopolist: