Answer the following questions true (T) or false (F)
1. The labor force participation rates of women have rapidly increased since 1948.
2. The household survey asks adults about their employment status and is used to compile the monthly unemployment rate.
3. The household survey is compiled from firms who answer questions about the number of persons who are employed and on the company payroll.
1. TRUE
2. TRUE
3. FALSE
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The amount of foreign aid in proportion to developed countries' GNP has
(a) increased over time. (b) remained fairly stable over time. (c) decreased over time. (d) fluctuated widely but has shown no clear trend.
Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because:
A. Cycles include a trough phase while fluctuations do not B. Cycles imply regularity while fluctuations do not C. Fluctuations include an expansion phase while cycles do not D. Fluctuations are relatively predictable events