The U.S. Department of Labor defines the "working poor" as "persons who have devoted 50 weeks or more to working or looking for work" and with incomes below the official poverty threshold
Indicate whether the statement is true or false
F
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If a firm increases its capital stock per person while holding constant the number of workers employed, the firm is said to experience
A) capital augmentation. B) labor intensity. C) capital deepening. D) investment deepening.
When a particular product has numerous but imperfect substitutes, the demand for that product will tend to be
A) inelastic. B) elastic. C) unitary. D) perfectly elastic.
A firm will hire a unit of input only if its
A. marginal physical product and marginal revenue product are positive. B. marginal physical product and marginal revenue product are negative. C. marginal physical product is positive and whose marginal revenue product is negative. D. marginal physical product is negative and whose marginal revenue product is positive.
According to adaptive expectations theory, expansionary monetary and fiscal policies to reduce the unemployment rate are:
A. useless in the long run. B. useless in the short run. C. ineffective on the price level. D. successful at achieving the desired outcomes.