The unemployment rate equals the number of people:
A. unemployed.
B. unemployed divided by the labor force.
C. unemployed divided by the number employed.
D. unemployed plus discouraged workers divided by the labor force.
Answer: B
Economics
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The table above gives the quantity of money and money demand schedules. Suppose that the interest rate is equal to 6 percent. The effect of this interest rate in the money market is that
A) the money market is in equilibrium. B) people buy bonds and the interest rate falls. C) people sell bonds and the interest rate falls. D) bond prices fall and so the interest rate falls.
Economics
All of the following are costs of expected inflation except
A) seigniorage. B) menu costs. C) velocity costs. D) tax distortions.
Economics