If the number of employed went up and the number of unemployed went down
A. the unemployment rate would go down.
B. the unemployment rate would go up.
C. the unemployment rate would stay the same.
D. the unemployment rate might go up, go down, or stay the same.
A. the unemployment rate would go down.
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Once a monopoly has determined how much it produces, it will charge a price that
A) is determined by the intersection of the marginal cost and average total cost curves. B) minimizes marginal cost. C) is determined by its demand curve. D) is independent of the amount produced. E) is equal to its average total cost.
Suppose that in a given country in a given year, GNP equals $2,000, investment expenditures equal $200, government expenditures equal $150, and the current account surplus equals $50. Consumption expenditures therefore equal
A) $1,000. B) $1,200. C) $1,400. D) $1,600.