Suppose the population of a fictional economy falls into the following categories: 320 are employed full time; 110 are employed part time; 20 are unemployed but are actively looking for employment; 50 are unemployed and are not actively looking for

If the supply of bonds in the United States decreases, bond prices will rise. When bond prices rise interest rates will

A) fall, which will make U.S. financial assets more attractive to foreigners. B) rise, which will make U.S. financial assets more attractive to foreigners. C) fall, which will make U.S. financial assets less attractive to foreigners. D) rise, which will make U.S. financial assets less attractive to foreigners.

Firms that face downward-sloping demand curves for their output in the product market are called

A) price takers. B) monopolists. C) price dictators. D) price makers.