Job search is defined as
A) equivalent to job rationing.
B) being paid an efficiency wage.
C) the activity of looking for an acceptable, vacant job.
D) attending school to increase your employability.
E) saying you are looking for a job when you are actually not looking.
C
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A change in quantity supplied of a product is the result of a change in
A) the price of the product. B) consumer income. C) the cost of producing the product. D) the state of production technology.
In the above figure, the average variable cost curve is curve
A) A. B) B. C) C. D) D.
The invention of the cotton gin ushered in the Industrial Revolution and began a long period of technological innovation. What did this technological change do the short-run supply curve?
A) It moved the economy up along a stationary short-run aggregate supply curve. B) It shifted the short-run aggregate supply curve to the left. C) It moved the economy down along a stationary short-run aggregate supply curve. D) It shifted the short-run aggregate supply curve to the right.
A demand shift is a change in the amount sellers want to supply at various prices.
Answer the following statement true (T) or false (F)