High inflation violates which function of money?
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Store of value
The unemployment rate consists of
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The percentage of the labor force that is unemployed (preferred).
The following are counted in GDP except?
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Intermediate goods (preferred). (GDP includes only the market value of
final goods, not the value of used goods; GDP includes only current
production; GDP is not measured by quantities; GDP is measured using
market values; components of GDP are consumption, investment,
government purchases, and net exports.)
Do Incentives matter?
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Yes, as incentives change, the actions that people will take also change.
Is political instability considered Long-run economic growth?
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No
The labor force participation rate equals?
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The percentage of the working-age population in the labor force. (Also
look at the formula, p. 660)
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Store of value
The unemployment rate consists of
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The percentage of the labor force that is unemployed (preferred).
The following are counted in GDP except?
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Intermediate goods (preferred). (GDP includes only the market value of
final goods, not the value of used goods; GDP includes only current
production; GDP is not measured by quantities; GDP is measured using
market values; components of GDP are consumption, investment,
government purchases, and net exports.)
Do Incentives matter?
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Yes, as incentives change, the actions that people will take also change.
Is political instability considered Long-run economic growth?
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No
The labor force participation rate equals?
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The percentage of the working-age population in the labor force. (Also
look at the formula, p. 660)
