U.S. has a _____ banking system - state-chartered banks operate beside federally-chartered banks.
Fill in the blank(s) with the appropriate word(s).
Answer: dual
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The elasticity of supply is measured by:
A) the quantity supplied divided by price. B) the change in quantity supplied divided by the change in price. C) the percentage change in quantity supplied divided by the percentage change in quantity demanded. D) the percentage in quantity supplied divided by the percentage change in price.
Suppose the population of a fictional economy falls into the following categories: 320 are employed full time; 110 are employed part time; 20 are unemployed but are actively looking for employment; 50 are unemployed and are not actively looking for
employment. The official unemployment rate as calculated by the BLS would be A) 4.4%. B) 5.9%. C) 14.0%. D) 28.9%.