a. has to spend more dollars to maintain the same standard ofliving. b. can spen

ID: 1228585 • Letter: A

Question

a. has to spend more dollars to maintain the same standard ofliving.

b. can spend fewer dollars to maintain the same standard ofliving.

c. finds that its standard of living is not affected.

d. can offset the effects of rising prices by saving more.

a. Ralph will have 3 percent more money, which will purchase 2percent more goods.

b. Ralph will have 3 percent more money, which will purchase 8percent more goods.

c. Ralph will have 5 percent more money, which will purchase 2percent more goods.

d. Ralph will have 5 percent more money, which willpurchase 8 percent more goods.

a. The unemployment rate is computed using the number ofunemployment insurance claims filed.

b. Each adult included in the unemployment statistics isclassified as employed, unemployed, or not in the labor force.

c. Unemployment numbers are based only on people aged sixteenand older.

d. The Bureau of Labor Statistics gathers data on unemploymentand employment.

a. counted as unemployed and part of the labor force.

b. counted as unemployed, but not part of the labor force.

c. not counted as unemployed, but counted as part of the laborforce.

d. not counted as unemployed or counted as part of the laborforce.

a. There is consensus among economists that unions are good forthe economy.

b. There is consensus among economists that unions are bad forthe economy.

c. There is consensus among economists that, on net, unions havealmost no impact on macroeconomic variables.

d. There is no consensus among economists about whether unionsare good or bad for the economy.

2.c 3.c 4.b 5.a

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