Over the past 80 years, the overall price level in the U.S. has experienced a(n)

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for

employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal A) (20/80 ) × 100. B) (20/60 ) × 100. C) (30/80 ) × 100. D) (20/100 ) × 100.

If the price of airline travel in Europe falls and the demand for train travel in Europe also falls, then the two goods are

A) complements. B) normal goods. C) substitutes. D) inferior goods.