An increase in the amount of a product offered for sale at every price is called an increase in supply

The unemployment rate is calculated as:

A) (number of unemployed) ÷ (number of employed + number of unemployed). B) (number of unemployed) ÷ (number of employed). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (number of unemployed).

The fact that private sector economic agents cannot be systematically fooled by economic policymakers is implied by

A) the Phillips curve. B) time inconsistency. C) commitment. D) the rational expectations hypothesis.