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Author Question: If the labor force consists of 1,000 people and and the unemployment rate is 7, then 930 people must ... (Read 88 times)

Ebrown

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If the labor force consists of 1,000 people and and the unemployment rate is 7, then 930 people must be considered employed.
 
  Indicate whether the statement is true or false

Question 2

If ________ GDP exceeds ________ GDP, employment exceeds its full-employment level and the unemployment rate is ________ the natural unemployment rate.
 
  A) real; nominal; below
  B) real; potential; below
  C) real; potential; above
  D) nominal; potential; above
  E) nominal; potential; below



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aloop

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Answer to Question 1

TRUE

Answer to Question 2

B




Ebrown

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


irishcancer18

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Reply 3 on: Yesterday
Excellent

 

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