The rate of unemployment can be calculated by
a. simply dividing all unemployed persons by all employed persons.
b. subtracting those employed from the total labor force to find the number of unemployed and express this number as a percent of the total labor force.
c. subtract those unemployed from the total labor force and express this number as a percent of the total labor force.
d. dividing all unemployed by the population.
B
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Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen
Which of the following best explains the falling prices of airline tickets? A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right. B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left. C) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left. D) The demand curve and the supply curve for airline tickets have both shifted to the right.
Which of the following will cause an increase in the amount of money that one wishes to hold?
A) an increase in the interest rate increase B) a reduction in the interest rate increase C) a reduction in income D) none of the above