A high HHI indicates that a market may be dominated by one large firm
Indicate whether the statement is true or false
True
Economics
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Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the unemployment rate is approximately
A) 4.2 percent. B) 6.1 percent. C) 7.5 percent. D) 8.0 percent.
Economics
Which of the following directs open market operations?
a. Board of Governors b. Federal Reserve Banks c. Federal Open Market Committee d. Federal Advisory Council e. Treasury Department
Economics