A person who is currently not working and has stopped looking for a job because he or she is convinced there is no job available is classified as a
A) discouraged worker.
B) disgruntled worker.
C) depressed worker.
D) dissatisfied worker.
A
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GDP excludes: a. business purchases of investment goods, such as factories. b. government purchases of military equipment
c. the building of a new apartment complex. d. none of the above.
Social Security taxes are regressive because
A) they apply only to rich people. B) they are not applied to income beyond a certain amount. C) they are applied to welfare recipients. D) they are applied to retired people only.
When MC is rising but still below AVC, then
A. AVC is declining. B. AVC is constant. C. AVC is rising. D. There is not enough information to determine what AVC is doing.
The aggregate supply curve in the classical model is
A. horizontal. B. upward sloping. C. downward sloping. D. vertical.