Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured unemployment rate.
B) increase the measured labor force participation rate.
C) decrease the number of persons in the labor force.
D) decrease the number of persons in the working-age population.
Answer: B
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The Citizens First Bank sells $100,000 of government securities to the Fed. This sale immediately
A) decreases the quantity of money. B) decreases the bank's assets. C) increases the bank's required reserves. D) decreases the bank's checkable deposits. E) increases the bank's reserves.
A construction company builds roads with machinery (capital, K) and labor (L)
If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use. A) labor, capital B) capital, labor C) concrete, gravel D) none of the above