The number of unemployed divided by the labor force equals the:

A. duration rate.
B. employment rate.
C. unemployment rate.
D. labor-force participation rate.

Answer: C

Economics

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Equilibrium in the economy means

A) unemployment is zero. B) quantities demanded and supplied are equal in all markets. C) prices are not changing over time. D) tax revenues equal government spending, so the government has no budget deficit.

Economics

What does the demand curve for British pounds tell us?

a. The quantity of pounds people will want to sell at each different exchange rate b. The quantity of pounds people will want to buy at each level of output c. The quantity of pounds people will want to buy at each different exchange rate d. The quantity of pounds people will want to sell in each different time period e. The quantity of pounds people will want to buy at each different interest rate.

Economics