Sheila is on a temporary layoff from her automobile factory job but has not looked for work in the last four weeks. The Bureau of Labor Statistics counts Sheila as
a. unemployed and in the labor force.
b. unemployed and not in the labor force.
c. employed and in the labor force.
d. employed and not in the labor force.
a
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Explain what is meant by capital flight. How would you distinguish capital flight from the normal desire of investors to diversify their portfolios by investing abroad?
What will be an ideal response?
Suppose that the market for labor is initially in equilibrium. An increase in the price of output will cause the equilibrium wage
a. and the equilibrium quantity of labor to rise. b. and the equilibrium quantity of labor to fall. c. to rise and the equilibrium quantity of labor to fall. d. to fall and the equilibrium quantity of labor to rise.
If two variables are completely unrelated to each other, then graphing these two variables will yield a line that is:
A. Always vertical B. Always horizontal C. Not a line, but only a single point D. Either vertical or horizontal
Which of the following is an aggregate?
A. the number of shoes in one man's closet B. the bushels of apples one farmer sells C. the total production of all goods and services D. the price of a particular textbook