Suppose the official unemployment rate is 10 percent. We can conclude without question that:
a. the same 10 percent of the people in the economy were out of work for the entire ear.
b. one of every 10 people in the civilian labor force is currently unemployed.
c. the same 10 percent of the people in the civilian labor force were out of work for the entire year.
d. every person in the civilian labor force was out of work for 10 percent of the year.
e. 10 percent of the people in the economy were out of work for 10 percent of the year.
b
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Slope is calculated as a change in the variable on the horizontal axis divided by a change in the variable on the vertical axis
Indicate whether the statement is true or false
Which of the following is an instrument of monetary policy?
A) The interest rate on three-month Treasury bills B) The mortgage interest rate C) The discount rate D) The budget deficit