Which of the following is the best definition of the unemployment rate?
a. a percentage of people who were recently working but laid off or want to work (willing, able, and searching for work) but without jobs.
b. a percentage of people discouraged with the labor market and without work
c. a percentage of people not working
d. a percentage of people that do not need to work
e. a percentage of people willing and able to work
A
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When economists say that there is a time lag in the effect of monetary policy, what do they mean?
a. That it takes time to observe the effects of fiscal policy on the economy b. That the Fed takes awhile to figure out what it wants to do c. That the Congress takes awhile to figure out what it wants to do d. That it takes time to observe the effects of monetary policy on the economy e. That the public needs time to decide how to respond to monetary policy changes
What is the price of investment? How are they related? What has to be done to increase investment?