Suppose an economy has the following characteristics: 100 people in the noninstitutional population; 40 people employed; 50 people not in the labor force. How many people are unemployed?

A fall in the government's budget deficit will lower

A) equilibrium GDP and consumption. B) consumption and saving. C) saving and GDP. D) All of the above are correct.

If the required reserve ratio is 20 percent and the Fed buys a $10,000 security from a depository institution that currently has no excess reserves, the money supply: a. decreases by $10,000. b. increases by $5,000

c. decreases by $5,000. d. increases by $50,000. e. decreases by $50,000.