In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:
A. Excluded from the labor force
B. Included as part of the unemployed
C. Treated the same as part-time workers
D. Used to determine the size of the labor force
A. Excluded from the labor force
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In the long run, increased government spending is ineffective in raising equilibrium real GDP
a. True b. False Indicate whether the statement is true or false
The income of corporate managers is included in
a. employee compensation b. interest c. rent d. corporate profit e. proprietors' income
When inflation rises, people will desire to hold
a. less money and will go to the bank less frequently. b. less money and will go to the bank more frequently. c. more money and will go to the bank less frequently. d. more money and will go to the bank more frequently.
How does this graph show that ES ? 1?
a. P1 to Q2 is greater than P2 to Q1
b. P1 to Q2 is less than P2 to Q1
c. Q1 to Q2 is greater than P1 to P2
d. Q1 to Q2 is less than P1 to P2