Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt is best be considered as
A) still being employed.
B) included in the economy's "hidden employment."
C) frictionally unemployed.
D) cyclically unemployed.
C
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For a monopoly, at the level of output where marginal revenue equals zero, then the
A) firm earns no revenue. B) price elasticity of demand at this amount of output is zero. C) firm has maximized total revenue. D) firm is a price taker.
A $10 million open market purchase will increase the monetary base by
A) $10 million. B) $10 million times the money multiplier. C) $10 million divided by the money multiplier. D) an amount between $0 and $10 million, depending on the fraction of the purchase the public wishes to hold as currency.
Marginal revenue is defined as
a. total revenue divided by quantity b. total revenue minus total cost c. the change in total revenue divided by the change in quantity d. the change in total revenue divided by quantity e. the change in total revenue
Tax laws do not give preferential treatment to some kinds of retirement saving
a. True b. False Indicate whether the statement is true or false