The unemployment rate can increase when
A) the proportion of 18-22 year olds that go to college increases.
B) the number of unemployed workers increases.
C) the number of job finders increases.
D) the size of the military increases.
B
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If the quantity desired of something exceeds the amount available at zero price, that item is called
A) capital. B) an economic good. C) an intangible good. D) a bad.
The recent flexible exchange rate system developed because of: a. the controversies generated by trade surplus nations wanting to devalue their currencies
b. the huge debts owed to the IMF by less-developed countries. c. governments were unable to agree on an alternative to a fixed-rate approach when the Bretton Woods system collapsed. d. the controversies generated by trade deficit nations wanting to raise the value of their currencies.