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 labor force participation rate is approximately

The money multiplier determines how much

A) real GDP will be expanded given an increase in autonomous investment. B) the monetary base will be expanded given a change in the quantity of money. C) the quantity of money will be expanded given a change in the monetary base. D) money demand will expand given a change in the quantity of money.

Economic profit provides both human and physical capital decision makers with an incentive to

a. exploit workers. b. reject investments yielding an uncertain return. c. discover and develop beneficial and productive investment opportunities. d. do both b and c.