In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted jobs. What is the unemployment rate in this town?

Under a fixed exchange rate regime, expansionary fiscal policy will tend to cause which of the following?

A) an increase in imports B) an increase in net exports C) a reduction in investment D) all of the above

Which of the following is an automatic stabilizer?

a. Unemployment insurance b. Government spending c. Net taxes d. The interest rate e. The minimum wage set by the government