Since the year 1969, the poverty rate has
A. remained almost unchanged.
B. increased significantly.
C. increased very slightly.
D. decreased significantly.
Answer: A
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The existence of discouraged workers will lead to an official unemployment rate that is
A) overstated. B) understated. C) either overstated or understated. D) unbiased.
Which of the following would be officially classified as unemployed?
a. a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration b. a mathematician who returned to graduate school after failing to find a job the last four months c. a 60-year-old former steel worker who would like to work but has given up actively seeking employment d. a laid-off construction worker waiting to return to a previous job
Suppose a recession overseas reduces a country's exports. Which curve(s) in the aggregate demand and aggregate supply model would be affected, and which way would it (they) shift?
Recall the Application about the impact Chinese imports have on U.S. labor markets to answer the following question(s).According to the Application, did Autor, Dorn and Hanson's study show that trade with China not beneficial to the United States?
A. No, the study did not look into the additional opportunities of U.S. firms to export into China. B. Yes, communities exposed to imports from China had high unemployment rates. C. Yes, communities exposed to exports to China had high unemployment rates. D. Yes, communities exposed to imports from China had lower inflation rates.