The rate of unemployment is found by
A) dividing the number unemployed by the number of people in the labor force.
B) dividing the number employed by the number of people in the labor force.
C) dividing the number unemployed by the number employed.
D) dividing the number employed by the number unemployed.
A
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A balance of payments surplus occurs if
A) the supply of a nation's currency is equal to the demand for the currency at the current exchange rate. B) exports exceed imports. C) the supply of a nation's currency exceeds the demand for the currency at the current exchange rate. D) the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.
Which of the following functions is NOT performed by any of the twelve regional Federal Reserve Banks?
A) check clearing B) conducting economic research C) setting interest rates payable on time deposits D) issuing new currency