« previous next »

Author Question: If there are 48 million people in a country's labor force, and the number of potential adult workers ... (Read 97 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
If there are 48 million people in a country's labor force, and the number of potential adult workers in the country is 80 million, the labor force participation rate in the economy is:
 
  A) 90 percent. B) 60 percent. C) 48 percent. D) 80 percent.

Question 2

What is the equation of exchange? How can the equation of exchange be converted into the quantity theory of money?
 
  What will be an ideal response?


Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The equation of exchange is MSV = PY, where MS is the money supply, V is the velocity of money, and PY is the nominal GDP. It is an accounting identity, so is not a theory. The equation of exchange becomes the quantity theory of money and prices by assuming that velocity is constant and that real GDP (Y) is stable. Then we have P = (MS)V/Y or that a change in the money supply will lead only to a proportionate change in the price level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Types of variation in chromosome number. Types of variation in chromosome number.
Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ... Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ...
Review in Changes in Eight Different Domains of Adult Functioning Review in Changes in Eight Different Domains of Adult Functioning
An Event-Related Potential An Event-Related Potential
finding resultant for the following force combinations finding resultant for the following force combinations
Copy-number variants Copy-number variants
Video: Definition of heart rate

For a complete list of videos, visit our video library