Which of the following statements regarding the unemployment rates in the U.S. between 1971 and 2002 is true?
a. The unemployment among the whites were much lower compared to the non-whites.
b. The unemployment rate for all workers reached a low of 2.9 percent in 1982.
c. The unemployment rate of both male and female workers have consistently increased from 1971 to 1998.
d. The whites had much higher unemployment rates than the nonwhites.
e. Teenagers reported the lowest unemployment rates in the country.
a
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In the above figure showing a perfectly competitive firm's total revenue line, the firm's marginal revenue
A) falls as output increases. B) does not change as output increases. C) rises as output increases. D) cannot be determined.
Inflation usually increases during a recession and decreases during an expansion
Indicate whether the statement is true or false