Multiple questions

The labor force participation rate is defined as

the percentage of the working-age population that is employed.

the percentage of the working-age population that is unemployed.

the percentage of the labor force that is employed.

the percentage of the labor force that is unemployed.

the percentage of the working-age population in the labor force.

Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understatethe true extent of joblessness?

inflation

discouraged workers

people employed in the underground economy

unemployed persons falsely report themselves to be actively looking for a job

The five most important variables that determine the level of ________ are disposable income, wealth, expected future income, price level, and interest rate.

consumption

government purchases

planned investment

net exports

If the consumption function is defined asC= 5,500 + 0.9Y, what is the value of the marginal propensity to consume?

0.1

0.9

5.5

6.1

In the dynamic aggregated demand and aggregate supply model, inflation occurs if

theAD

curve shifts more to the right than theLRAScurve.

theSRAS

curve shifts more to the right than theADcurve.

theAD

curve shifts to the left and theSRAScurve shifts to the right.

theAD

curve shifts to the left and theLRAScurve shifts to the right.