16) Which of the following statements is false? a. The sum of the unemployment r

Question

16) Which of the following statements is false?

a. The sum of the unemployment rate and the employment rate equals 100 percent.

b. The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population.

c. The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population.

d. a and b

e. a, b and c

18) Suppose consumption decreases at each price level. As a result, aggregate demand __________, and the AD curve shifts __________.

a. increases; leftward

b. decreases; leftward

c. increases; rightward

d. decreases; rightward

19) Suppose a drop in stock prices makes people feel less wealthy. This would cause __________ the economy's AD curve.

a. movement down along

b. movement up along

c. a rightward shift of

a leftward shift of

Explanation / Answer

16)d. a and b

18)b. decreases; leftward

19)a. movement down along

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