The employment-to-population ratio is equal to the number of
A) unemployed people divided by the total population then multiplied by 100.
B) employed people divided by the working-age population then multiplied by 100.
C) employed people divided by the total population then multiplied by 100.
D) unemployed people divided by the working age population then multiplied by 100.
B
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Explain whether each of the following variables is a lagging, leading, or coincident indicator: In each case, is the economy likely in a recession, heading for a recession, in an expansion, or heading for an expansion?
a. Industrial production is falling. b. The number of building permits issued for new private housing units begins to decline. c. The number and amount of commercial and industrial loans start to rise. d. The average prime interest rate charged by banks begins to fall. e. The M2 money supply begins to rise.
The marginal product curve rises when the marginal cost curve rises
a. True b. False Indicate whether the statement is true or false