20.If the number of unemployed is greater than the number of employed, the unemp
ID: 1128645 • Letter: 2
Question
20.If the number of unemployed is greater than the number of employed, the unemployment rate is over 100%. B. more than 50%. C, less than 50%. D. None of the choices are correct 21. The notion that everything the economy produces is purchased A. sums up Say's law B. can be restated as "demand creates its own supply C. refers to the real balance effect. D. was a critical assumption Keynes made in explaining the worldwide depression of the 1930s 22.The classical theory of the loanable funds market concluded that A. Saving and investment would not be equal because of changes in the volume of bank credit B. An increase in the desire to save would increase the interest rate and lower the volume of investment C. The interest rate would equate saving and investment and thereby undermine Say's law. D. The interest rate would equate saving and investment and thereby cause Say's law to be valid 23. Right now our national debt is A. between $6 and $8 trillion. B. between $8 and $10 trillion. C. between $10 and $12 trillion. D. over $12 trillion. 24.Since 1980, our national debt as a percentage of GDP has A. risen. B. fallen. C. stayed about the same. 25. Of the total M1, currency accounts for a little more than %. A. 20 B. 30 C. u0 d, 50Explanation / Answer
20. B. More than 50%
Explanation: Unemployment rate = no. of unemployed/ labor force * 100 = no. of unemployed/ (no. of unemployed + no. of employed) * 100
Now, when unemployed is greater than employed, it means more than 50% of the labor force is unemployed. This means the unemployment rate is greater than 50%.
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