Suppose in a country with 60 million people, 2 million are unemployed, 5 million are retired, 3 million are students, and 2 million are discouraged workers not looking for work. What is the LFPR and what is the unemployment rate?

The Consumer Price Index (CPI) measures the cost of a fixed basket of goods and services. If the CPI rises from 200 to 210 over one year, the inflation rate is approximately

A higher nominal interest rate always implies a higher real interest rate.

In the Solow growth model, a permanent increase in the savings rate leads to:

In the IS-LM model, equilibrium in the money market is represented by the curve.

Discouraged workers—those who have stopped looking for work because they believe no jobs are available—are classified as:

In the IS–LM model, an increase in government spending (with money supply held constant) will:

Just after World War II, Japan and Germany experienced much larger GDP growth rates than most other countries.  Using the Solow model, how would you explain this?

In an open economy, a trade deficit means that national saving is less than investment.

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