The Illyrian economy has 1000 people in the labor force. 100 people don't have jobs but are searching for work, another 100 people would like to have jobs but quit searching because of poor job prospects, and another 100 people don't work and don't
want to work. What's the rate of unemployment? A) 10 percent
B) 20 percent
C) 30 percent
D) 100 percent
E) None of the above.
A
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A positive real interest rate indicates
a. how fast the number of dollars in your savings account is rising over time. b. how fast the purchasing power of your savings account is rising over time. c. the number of dollars in your savings account today. d. the purchasing power of your savings account today.
According to the quantity theory of money, an increase in the money supply leads to:
A. a decrease in prices, as there are more dollar bills spent on the same number of goods and services. B. an increase in prices, as there are more dollar bills spent on the same number of goods and services. C. an increase in prices, as there are the same dollar bills spent on a greater number of goods and services. D. a decrease in price, as there are the same dollar bills spent on a greater number of goods and services.