Jasime voluntarily quit her job and is now searching for a new position. Jasime is classified as a
A) job loser.
B) job reentrant.
C) job leaver.
D) new entrant.
C
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According to the quantity theory of money, the price level decreases in equal proportion to
A) a decrease in the nominal interest rate. B) an increase in the real interest rate. C) an increase in the income velocity of money. D) a decrease in the money supply.
If inflation is the most significant issue in the economy, an appropriate fiscal policy response would be to decrease taxation
a. True b. False Indicate whether the statement is true or false
If two goods are substitutes, a decrease in the price of one will result in an increase in demand for the other.
a. true b. false
Both Kate and John own saltwater taffy factories. Kate's factory has low fixed costs and high variable costs. John's factory has high fixed costs and low variable costs. Currently, each factory is producing 1,000 boxes of taffy at the same total cost. Complete the following statement with the correct answer. If each produces
A. less, the costs of Kate's factory will exceed those of John's factory. B. more, the costs of Kate's factory will exceed those of John's factory. C. less, their costs will be equal. D. more, their costs will be equal.