The adult non-institutionalized population in the town of Bedrock is 75 thousand. Within Bedrock, 5 thousand are unemployed, and 40 thousand are employed. Calculate the number of people not in the labor force

Small investors face

A) high transactions costs in financial markets. B) low transactions costs in financial markets. C) high transactions costs in financial intermediaries. D) high information costs in financial intermediaries.

Which of the following will be observed if the U.S. federal government reduces fiscal spending, keeping other things constant?

a. The aggregate demand curve will shift to the right. b. The aggregate expenditure in the economy will decrease. c. The economy will approach potential GDP. d. The marginal propensity to consume will increase. e. The average price level will increase.