In 2009, Based on Concepts Similar to Those Used to Estimate

question 467

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non- institutionalized population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about

• A) 64.6% and 8.2%.
• B) 64.6% and 5.3%.
• C) 59.3% and 8.2%.
• D) 59.3% and 5.3%.

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Definitions:

Excess Reserves

The amount of reserves that a bank holds beyond what is required by regulations or reserve requirements.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, including regulating banks, managing the country's money supply, and stabilizing the financial system.

Reserve Requirement

The portion of depositors' balances that banks must have on hand as cash, ensuring banks can meet withdrawal demands.

Money Supply

The total amount of monetary assets available in an economy at a specific time, influencing inflation and economic stability.