The unemployment rate is
A) the percentage of the labor force that is unemployed.
B) the percentage of the number employed that is unemployed.
C) the percentage of the working-age population that is employed.
D) the percentage of the working-age population that is unemployed.
E) the percentage of the labor force that is employed.
A
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In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to rise, and
the IS curve to shift to the ________, everything else held constant. A) up; left B) up; right C) down; left D) down; right
Cross-elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good
a. True b. False Indicate whether the statement is true or false