Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as:
A. structurally unemployed.
B. frictionally unemployed.
C. not in the labor force.
D. employed.
D. employed.
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Most economists today believe that the Phillips curve is
A. vertical in the short run but downward sloping in the long run. B. upward sloping in the short run but vertical in the long run. C. downward sloping in the short run but vertical in the long run. D. vertical in the short run but upward sloping in the long run.
Income tax reports in QuickBooks include all of the following except:
a. Income Tax Preparation report b. Income Tax Detail report c. Income Tax Summary report d. Income Tax Mapping report
Why does an economist create a market demand curve?
(A) To show how various conditions can change the demand for a good. (B) To learn what demands the market will make under unusual conditions. (C) To have an idea of how a market would change if conditions in an area changed. (D) To predict how people will change their buying habits when prices change.
Which of the following is not included in M2?
A. Small-denomination time deposits B. Money market mutual funds held by individuals C. Money market deposit accounts D. Money market mutual funds held by institutions