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1. the unemployment rate is usually calculated as the number of unemployed individuals. A. divided by...

1. the unemployment rate is usually calculated as the number of unemployed individuals.
A. divided by the total number of people in a society
B. multiplied by the total number of people in a society.
C. divided by the total number of people in a labor force.
D. multiplied by the total number of people in a labor force.

2. The dollar has appreciated against the curriences of many of the U.S’s top trading partners. What outcome could this fall in foreign price levels have on aggregate demand?
A. Aggregate demand would not change
B. Aggregate demand would shift to the left due to a decrease in US exports
C. Aggregate demand would shift to the left due to an increase in US exports
D. Aggregate demand would shift to the right due to a reduction in US exports
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Answer #1

Ans:

1)

Option C

divided by the total number of people in a labor force.

Explanation

Labor force = Employed + Unemployed

Unemployment rate = Unemployed / Labor force

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