Sandee Hollub, an elementary school teacher, believed that she was being treated unfairly by her principal, so she stormed off the job and two days later found another teaching job in another school. For two days, Sandee experienced
a. cyclical unemployment
b. structural unemployment
c. involuntary unemployment
d. frictional unemployment
e. being out of the labor force
D
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Refer to the figure above. If the government fixes a minimum wage rate at $15, the unemployment in the market will be:
A) 20 units of labor B) 0 units of labor C) 10 units of labor D) 30 units of labor
Which of the following groups had the highest median income in the U.S. in 2008?
A. Hispanic B. White (non-Hispanic) C. Asian D. Black
Curve YZ represents _____________.
A. short-run aggregate demand
B. long-run aggregate demand
C. short-run aggregate supply
D. long-run aggregate supply
Describe the difference between a command-and-control approach and a market-based approach to reducing pollution.
What will be an ideal response?