To be considered officially unemployed, a person must be at least 16 years old
A) and be a discouraged worker.
B) and not working.
C) and not in school and not working.
D) and not working but is actively seeking employment.
D
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How would the following factors affect equilibrium in the market for labor?
a. An increase in the demand for the product that a firm is producing b. The use of a new technology that halves the time that workers will take to produce a good c. An increase in the age when people begin to receive Social Security benefits.
The total cost curve
A. is parallel to the total fixed cost curve. B. is a horizontal line. C. increases at a decreasing rate due to diminishing returns. D. is parallel to and above the total variable cost curve.
The Federal Reserve CANNOT do one which one of the following?
A. Change the tax rate on profits B. Change the discount rate C. Change the required reserve ratio D. Change margin requirements
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward