As a result of firms leaving an industry, we would expect that:
a. economic profits are positive

What is the unemployment rate if there are 150 million people employed, 25 million people unemployed, and 25 million not in the labor force?

A) 14.3% B) 13.4% C) 12.5% D) 25.0%

Expansionary fiscal policy actions include __________ government spending and/or __________ taxes, while contractionary fiscal policy actions include __________ government spending and/or __________ taxes

A) increasing; increasing; decreasing; decreasing B) decreasing; decreasing; increasing; increasing C) increasing; decreasing; increasing; decreasing D) decreasing; increasing; increasing; decreasing E) increasing; decreasing; decreasing; increasing