People over the age 16 with full-time jobs are considered to be
A) in the labor force and employed.
B) unemployed.
C) in the labor force unemployed.
D) in the working-age population only because they have full-time jobs.
E) not in the labor force.
A
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When competition is present and private ownership rights are clearly defined and securely enforced,
a. production and trade are encouraged and plunder (taking from others) is discouraged. b. people get ahead by helping others in exchange for income. c. employers will have to provide prospective employees with at least as good a deal as they could get elsewhere. d. all of the above are correct.
Mainstream macroeconomics has embraced the:
A. rational expectations view that stabilization policy is totally ineffective. B. monetarist view that the Fed should increase the money supply at a fixed annual rate. C. rational expectations view that expectations can shift the aggregate demand and aggregate supply curves. D. monetarist view that an increase in government spending crowds out an equal amount of investment spending.