A characteristic of the unemployment rate is that ________
A) it typically goes up in a recession
B) it typically goes down in a boom
C) it is not clear whether it is a leading or a lagging indicator
D) all of the above
E) none of the above
D
Economics
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Suppose that the demand for artichokes (Qa) is given as: Qa = 200 - 4P. Suppose that the price of artichokes is increased slightly from $10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________.
A. rise; rise B. fall; fall C.fall; rise D. rise; fall
Economics
The U.S. unemployment rate has averaged around ______ since 1950.
A. 8% B. 10% C. 6% D. 3%
Economics