Regarding the number of discouraged workers,
a. the Bureau of Labor Statistics follows rather loose criteria to classify them.
b. they are included in the official unemployment measure.
c. there is universal agreement among economists that they should be counted as unemployed
d. they are also known as involuntary part time workers.
e. no one knows for sure how many are there.
E
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Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled
A) less than $250 billion. B) $250 billion. C) $300 billion. D) $450 billion.
The interest rate:
A. is expressed as a percentage per dollar borrowed and per unit of time. B. exists only because lending is risky. C. tells us how much less money is worth today than in the future. D. All of these statements are true.