U-4, U-5 and U-6 are
A) all broader measures of the unemployment rate.
B) all narrower measures of the unemployment rate.
C) not used by the Bureau of Labor Statistics because they include too much variability.
D) narrower measures of the labor force participation rate.
E) broader measures of the labor force participation rate.
A
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To say that something is scarce means that:
a. it is no longer available in stores. b. it must be conserved at any cost. c. even the government cannot supply it. d. sufficient amounts of it available only at a zero price. e. not enough is available to satisfy people's wants at a zero price.
Guns and butter are used to represent the classic societal tradeoff between spending on
a. durable and nondurable goods. b. imports and exports. c. national defense and consumer goods. d. law enforcement and agriculture.