This group, consisting of individuals who would like to work but have not looked for work during the past four weeks, is included among
a. discouraged workers.
b. the structurally unemployed.
c. minimally attractive workers.
d. marginally attached workers.
Ans: d. marginally attached workers.
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If real salaries increase but nominal salaries do not, this means that
A) the purchasing power of money has decreased. B) prices have risen. C) prices have not changed. D) prices have fallen.
In addition to covering the costs of unpredictable events, health insurance typically covers many planned expenses, such as routine checkups, annual physicals, and the cost of vaccinations. Because of this, health insurance
A) encourages overuse of health care services. B) generates an efficient quantity of health care services. C) is not accepted by most doctors and hospitals. D) discourages overuse of health care services.
The price of domestic goods in terms of foreign goods is referred to as
A) the nominal exchange rate. B) the relative inflation rate. C) the real exchange rate. D) the current account balance.
Is the United States' labor supply more inelastic or more elastic? Briefly summarize the competing theories