If the population of the United States is 260 million, the labor force is 130 million, and 120 million workers are employed, the rate of unemployment is

A. 7.7%
B. 8.3%
C. 3.85%
D. 53.9%

Ans: A. 7.7%

Economics

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What does the investment spending multiplier measure?

A) ?Y / ?I B) ?I / ?Y C) ?I + ?Y D) ?I * ?Y

Economics

Behavioral economists focus on the assumption that

A) consumers have limitations that prevent them from examining all possible choices when they make decisions. B) consumer behavior cannot be predicted by economics. C) consumers are irrational and so they do not seek to maximize utility. D) consumer choice is perfectly predictable by basic economic theory.

Economics