Author Question: Refer to Table 9-1. The unemployment rate for this simple economy equals A) (100/1,100 ) 100. B) ... (Read 59 times)

future617RT · **on:** Jun 29, 2018

Refer to Table 9-1. The unemployment rate for this simple economy equals

A) (100/1,100 ) 100. B) (100/20,000 ) 100. C) (100/15,000 ) 100. D) (100/1,000 ) 100.

Question 2

The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a substitute product.

Indicate whether the statement is true or false