In the economy of Euphoria, 400 people have jobs, 200 people are not working but are searching for work, and 100 people don't work and don't seek work. The unemployment rate is
A) 20 percent.
B) 25 percent.
C) 33 percent.
D) 50 percent.
E) none of the above.
C
Economics
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Refer to Figure 14.3. Suppose the economy is initially at long-run equilibrium and the economy experiences a demand shock such as a stock market crash. This is best represented by an initial movement from
A) point C to point A. B) point C to point B. C) point C to point D. D) point D to point A.
Economics
The United States currently has a progressive income tax structure
Indicate whether the statement is true or false
Economics