The civilian labor force consists of:

a. all civilians over the age of 16.
b. the employed plus the unemployed who are not in the military.
c. only individuals who are actually at work during a given week.
d. civilians who are not in prisons or mental hospitals.

b

Economics

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Assume that the reserve—deposit ratio is 0.4. The Federal Reserve carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $1,750,000. What is the reserve—deposit ratio?

A) 0.2 B) 0.3 C) 0.4 D) 0.5

Economics

On average, about half the labor force in developing countries works in agriculture, versus only about 3 percent in industrial market countries

a. True b. False

Economics