If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is the unemployment rate?
(A) 16.17 percent
(B) 8.7 percent
(C) 11.5 percent
(D) 8 percent
Ans: (A) 16.17 percent
Economics
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GDP data alluding to the start of a recession in January 2015 was published and analyzed by the Fed in July 2015. The Fed then had to hold meetings to formulate a monetary policy to deal with the recession, and then enact the chosen policy
This exemplifies a(n) A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
Economics
Jill runs a factory that makes lie detectors in Little Rock, Arkansas. This month, Jill's 34 workers produced 680 machines. Jill's average product of labor equaled ________ lie detectors per worker
A) 680 B) 34 C) 23 D) 20 E) None of the above answers is correct.
Economics