According to the following information, what is the unemployment rate? Number of Employed: 800 Number of Unemployed: 200 Not in the Labor Force: 50

a. 6%
b. 19%
c. 20%
d. 28%

c. 20%
(800 + 200 = 1,000 200 / 1,000 = 20)

Economics

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The differential taxation of inputs does not create an excess burden.

A. True B. False C. Uncertain

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If you believe that expectations react slowly, you are likely

A. a believer in rational expectations. B. a Keynesian. C. a theoretical economist. D. None of the above is correct.

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