Scenario 28-1 Suppose That the Bureau of Labor Statistics Reports That the That

question 123

Multiple Choice

Scenario 28-1
Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed,3 million people unemployed,1 million discouraged workers,and 1 million people who are either students,homemakers,retirees,or other people not seeking employment.
-Refer to Scenario 28-1.What is the total labor force?

• A)25 million
• B)28 million
• C)29 million
• D)30 million

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The reserve ratio is the portion of depositors' balances that banks must have on hand as cash, determined by central banks to ensure stability and liquidity.

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