During the 2008-09 recession, the U-6 measure of the unemployment rate
A) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent.
B) which counts marginally attached workers and discouraged workers as employed, reached 10 percent.
C) which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed, reached 17 percent.
D) which counts all part time workers as employed, reached 12 percent.
E) which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed, reached 17 percent.
A
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What would happen to a government's total debt if it ran a budget deficit?
A) Total debt would increase. B) Spending would increase. C) Total debt would decrease. D) Spending would decrease.
We know that increases in population increase the market demand for various goods. The prices of those goods will increase the most if the elasticity of supply is
a. very large b. equal to one c. greater than 3 d. very small e. finite